Wall Street hold ‘em

Posted: 29 November 2012 in Uncategorized
Tags: , , , , , ,

The series continues with the Queen of Hearts: Kathryn Wylde.

Kathryn Wylde is the president of The Partnership For New York City, a business-sponsored group which receives much of its funding from New York banks. Concurrently she is Deputy Chairman of the board of directors of the Federal Reserve Bank of New York. The particular slot she holds on the board of directors is the one reserved for the person who “represents the public” in decisions made by the board. However, she challenged Attorney General Eric Schneiderman’s proposed $8.5 billion settlement between the Bank of America and a group of investors, protecting the interests of the bank which contributes funds to her organization. She claims it is not part of the job of the board to be involved in regulation.

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