WSJ on NY Fedhead Dudley's sweeeeet new gig:
The Bank for International Settlements said Monday William Dudley has been appointed chairman of its Committee on Payment and Settlement Systems, which was set up in 1990 to safeguard the world’s financial plumbing.
Dudley, who became President of the Federal Reserve Bank of New York in January, takes the place of Timothy Geithner who joined U.S. President Barack Obama’s administration as Treasury Secretary.
Is this important somehow? Yeah, sure, more Goldman/NY Fed incest except this time we throw in the BIS just to make sure it's 100% financial clusterf&^* instead of just 95% or so (I'm no mathlete nor statistician so excuse me if that percentage is +/- wtf). So what?
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