"The New York Fed sticks out as being not just very, very close to Wall Street, but to the most powerful people on Wall Street...I worry that they pay too much deference to the expertise and presumed wisdom of a sector that screwed up massively..."
At N.Y. Fed, Blending In Is Part of the Job
by Neil Irwin
http://www.washingtonpost.com/wp-dyn/content/article/2009/07/19/AR2009071902148.html?hpid=topnews
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