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369:, a body which implements the Wall Street policies of the Federal Reserve, during a period of immense financial market upheaval, from January 2008 until May 7, 2009. When Goldman Sachs was converted to a bank holding company in September 2008 the bank then came under the regulatory authority of the New York Fed, which made Friedman’s position as a member of Goldman Sachs’ board a violation of Federal Reserve policy. At the time of the conversion Friedman requested a waiver from this violation, which was granted about 10 weeks later.
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Governors of the
Federal Reserve System, to provide continuity during a time of financial market instability. Today, although I have been in compliance with the rules, my public service motivated continuation on the Reserve Bank Board is being mis-characterized as improper. The Federal Reserve System has important work to do and does not need this distraction.’
376:
Friedman was criticized for seemingly benefiting from his role as Chair of the New York Fed branch due to the federal government's aid to
Goldman Sachs in recent months. He had "remain on the board of Goldman even as he was supposedly regulating ; in order to rectify the problem, he applied for, and
331:
In 1966 Friedman joined
Goldman Sachs and became a partner in 1973. From 1987 until November 1990 he was the co-chief operating officer and either co-chairman or chairman between 1990 and 1994. Friedman re-joined the board of Goldman in April 2005, and stepped down from serving on the board on May
372:
On May 7, 2009, Friedman resigned as
Chairman of the Federal Reserve Bank of New York. In his letter of resignation Friedman explains why: ‘Last Fall, after Goldman Sachs Group, Inc. became a bank holding company, I agreed to remain on the Board, pursuant to the waiver authority of the Board of
377:
got, a conflict of interest waiver from the government. Friedman was also supposed to divest himself of his
Goldman stock after Goldman became a bankholding company, but thanks to the waiver, he was allowed to go out and buy 52,000
706:
Mr. Stephen
Friedman serves as a Senior Advisor at Crestview Partners, L.P. He also serves as a Special Limited Partner and Member of Executive Advisory Board of Insight Venture Partners. Mr. Friedman joined Stone Point Capital LLC in
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The $ 3.5 million facility is named for two
Cornell alumni who made the lead gift toward the building, Stephen Friedman, who was appointed to the Bush administration in December, and his wife, Barbara Benioff
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He joined
Goldman's board in April 2005./A onetime leader of Goldman who worked at the firm for nearly 30 years, Mr. Friedman is stepping down on May 22, the day before Goldman's annual shareholder meeting.
31:
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In 1998 Friedman joined Stone Point
Capital LLC. He also served as Senior Advisor at Crestview Partners, LP and a Special Limited Partner and Member of the Executive Advisory Board of
404:
Friedman is involved in several public service activities, including
Chairman Emeritus of the Board of Columbia University, Chairman Emeritus of the Executive Committee of the
381:
shares in his old bank, leaving him $ 3 million richer," as one report put it. Friedman's resignation announcement came within an hour of the government's release of the
781:
President Clinton announced March 24 his intent to appoint Cresencio S. Arcos and Stephen Friedman to serve as Members of the President's Foreign Intelligence Advisory Board.
412:. He is also a benefactor of his alma mater Cornell University, particularly its wrestling program as the college's wrestling building is known as the Friedman Center.
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From December 2002 to December 2004, he served as assistant to President George W. Bush for Economic Policy and director of the National Economic Council.
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From December 2002 to December 2004 Friedman was United States Assistant to President George W. Bush for Economic Policy as well as the director of the
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Capital Corp. In March 1999 President Clinton announced his intention to appoint Friedman and Crescencio S. Arcos to serve as Members of the
357:. On October 27, 2005 Friedman was asked to replace Brent Scowcroft as the Chairman of the President’s Foreign Intelligence Advisory Board.
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1072:"Cornell to open nation's first dedicated wrestling center, named for alumni Stephen Friedman and trustee Barbara Benioff Friedman"
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He was vice chairman and co-chief operating officer from 1987 to November 1990, and co-chairman or chairman from 1990 to 1994.
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540:& Company where he served as co-chairman (1990-1992) and chairman and senior partner (1992-1994.)
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The Threat on the Horizon: An Inside Account of America's Search for Security After the Cold War
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The New York Fed asked for a waiver, which, after about two and a half months, the Fed granted.
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432:. Benioff, who goes by his mother's maiden name, is a writer, screenwriter and adaptor of
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Stephen Friedman is married to Barbara Benioff, chairwoman of the board of governors of
903:"Resignation Letter of Stephen Friedman, Chair of the Federal Reserve Bank of New York"
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264:(born December 21, 1937) is an American economist. He is a former chairman of the U.S.
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1004:
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460:"Man in the News; Economic Adviser From Other Side of the Deficit -- Stephen Friedman"
1029:] to his alma mater and is Chairman Emeritus of the Board of Columbia University.
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in Manhattan, and have three children: two daughters, Susan and Caroline, and a son,
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820:"Stephen Friedman Named to Chair President's Foreign Intelligence Advisory Board"
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Friedman was born in New York City, to a Jewish family. He received his BA from
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and a member of the Quill and Dagger society. At Columbia he was on the
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842:"Directors of the Federal Reserve Bank of New York: 2008 Annual Report"
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Stephen Friedman is a former Cornell wrestling star and 1959 graduate.
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Mr. Friedman, a 1962 graduate of the law school, spent 28 years with
912:. The Federal Reserve Bank of New York. May 7, 2009. Archived from
763:"TEXT: CLINTON NAMES ARCOS & FRIEDMAN TO INTELLIGENCE BOARD"
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Friedman is also a trustee of The Council on Foreign Relations.
847:. New York Federal Reserve. 2009. p. 83. Archived from
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Columbia University Law School, LL.B., 1962 (Law Review)
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From 1998 to 2002, he served as a senior principal of
1043:"The man behind Buffett's new man: Stephen Friedman"
383:
2009 stress tests for 19 U.S. financial institutions
272:. He was nominated on October 27, 2005, to replace
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504:. Federal Reserve Bank of New York. January 2008
482:. Federal Reserve Bank of New York. January 2008
665:"Stephen Friedman to Retire From Goldman Board"
874:"Friedman Resigns as Chairman of New York Fed"
581:"Cornell Alumni News" (LX (18)). 15 June 1958.
117:December 12, 2002 – January 10, 2005
56:December 20, 2005 – October 28, 2009
16:American businessman and politician (b. 1937)
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1219:President's Intelligence Advisory Board
939:"Letter of Resignation to Ben Bernanke"
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458:McGeehan, Patrick (December 13, 2002).
348:President's Intelligence Advisory Board
266:President's Intelligence Advisory Board
44:President's Intelligence Advisory Board
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750:Marsh & Mclennan stephen friedman.
1151:Chair and Chief Executive Officer of
719:Johnson, Loch K. (January 12, 2011).
694:"Executive Profile: Stephen Friedman"
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1070:Friedlander, Blaine (Jan 20, 2003).
1017:Mr. Friedman has maintaned [
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552:Friedlander, Blaine (Jan 20, 2003).
1334:United States presidential advisors
1041:McDonald, Duff (October 28, 2010).
1023:] a strong commitment [
1005:"Keynote Speaker: Stephen Friedman"
975:"The Great American Bubble Machine"
818:Clemons, Steve (October 27, 2005).
727:. Oxford University Press. p.
614:"Keynote Speaker: Stephen Friedman"
524:"Keynote Speaker: Stephen Friedman"
13:
796:. Federal Reserve Bank of New York
641:. Federal Reserve Bank of New York
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1279:American financial businesspeople
1274:American chief operating officers
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944:. Personal Letter. Archived from
937:Friedman, Stephen (May 7, 2009).
768:Federation of American Scientists
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365:Friedman was the Chairman of the
663:ALDEN, WILLIAM (April 4, 2013).
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294:Columbia University Law School
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880:. New York Times. May 7, 2009
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397:Friedman Wrestling Center at
367:New York Federal Reserve Bank
296:in 1962. At Cornell he was a
1249:Intelligence Oversight Board
410:Council on Foreign Relations
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1319:Federal Reserve Bank people
1284:American investment bankers
981:. p. 6. Archived from
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1103:. Gawker. February 3, 2008
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1309:Cornell University alumni
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268:and former chair of the
181:New York City, New York
594:Cite journal requires
408:, and a member of the
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316:Friedman (right) with
1007:. Columbia Law School
616:. Columbia Law School
526:. Columbia Law School
424:. The couple live on
406:Brookings Institution
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951:on November 26, 2010
919:on November 26, 2010
422:Hebrew Union College
344:Marsh & McLennan
103:5th Director of the
1203:Government offices
1137:Business positions
910:The Federal Reserve
243:Columbia University
1170:Political offices
1101:"Stephen Friedman"
854:on 16 January 2013
794:"Stephen Friedman"
639:"Stephen Friedman"
502:"Stephen Friedman"
480:"Stephen Friedman"
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399:Cornell University
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286:Cornell University
232:Cornell University
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1236:Succeeded by
1226:Succeeded by
1193:Succeeded by
1160:Succeeded by
1076:Cornell Chronicle
973:(July 13, 2009).
822:. Washington Note
738:978-0-19-979243-6
558:Cornell Chronicle
276:in the position.
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223:(daughter-in-law)
175:December 21, 1937
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69:Barack Obama
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1269:1937 births
1239:Chuck Hagel
1229:David Boren
1211:Jim Langdon
1163:Jon Corzine
1125:Appearances
971:Matt Taibbi
440:Amanda Peet
221:Amanda Peet
133:Preceded by
97:David Boren
93:Chuck Hagel
81:Jim Langdon
76:Preceded by
1263:Categories
1253:2005–2009
1223:2005–2009
1196:Al Hubbard
1190:2002–2005
1157:1992–1994
923:2009-05-07
446:References
379:additional
332:22, 2013.
302:Law Review
192:Republican
171:1937-12-21
150:Al Hubbard
1088:Friedman.
318:President
228:Education
217:Relatives
122:President
113:In office
61:President
52:In office
298:wrestler
206:Children
1047:Fortune
878:DealB%k
669:DealB%k
327:in 2004
1129:C-SPAN
989:Sep 9,
735:
308:Career
198:Spouse
183:, U.S.
949:(PDF)
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845:(PDF)
707:1998.
211:David
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