Wall Street (Goldman) Is Running the World’s Central Banks

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This is supposed to be some kind of surprise? A revelation? The central banks exist and have always existed FOR Wall Street and London.

(From Bloomberg)

Last week’s appointment of Neel Kashkari to run the Federal Reserve Bank of Minneapolis as of January means a third of the Fed’s 12 district banks will soon be run by officials with past ties to Goldman Sachs Group Inc.

Kashkari also worked for Pacific Investment Management Co. and managed the U.S. Treasury’s $700 billion rescue of banks during the financial crisis.

The New York Fed’s William Dudley was Goldman’s chief U.S. economist for almost a decade before joining the central bank in 2007, while recently appointed Dallas Fed President Robert Steven Kaplan spent 22 years at Goldman and rose to become its vice chairman of investment banking.

And what a shock, Goldman Sachs has gotten its folks even more entrenched in the central banking system. (And not just on this side of the Atlantic.) It should also be noted that Goldman Sachs, aka  Government Sachs, shouldn’t even be alive today. But thanks to you, the US taxpayer who bailed out the bank even while you were being foreclosed on, Government Sachs lives on to influence (create?) global monetary policy.

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