By Hugh Son
A House committee requested that Federal Reserve Chairman Ben S. Bernanke turn over documents related to Stephen Friedman’s purchase of Goldman Sachs Group Inc. shares while he was on the boards of both the Wall Street firm and the Federal Reserve Bank of New York.
Friedman bought more than $1 million of Goldman Sachs stock “without notifying the Federal Reserve,” said Representative Edolphus Towns, chairman of the Oversight and Government Reform Committee, in a statement today. “This raises serious questions about transparency, fairness and the appearance of a cozy relationship between Wall Street and the government.”
Continue reading Bernanke Asked by Towns on Friedman’s Goldman Stake