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Title: Brian Sack Is Out [Brian S part of Plunge Protection Team?]
Source:
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URL Source: http://www.zerohedge.com/news/brian-sack-out
Published: Apr 5, 2012
Author: Tyler Durden
Post Date: 2012-04-05 14:40:10 by Capitalist Eric
Keywords: None
Views: 1581
Comments: 1
The New York Fed's Brian Sack, better known by everyone as the head of the Plunge Protection Team, is gone. Mr. Sack will remain in his current position as head of the Markets Group and Manager of the System Open Market Account (SOMA) until June 29, 2012, to help ensure a smooth transition. The New York Fed has started the search process for Mr. Sack's replacement. "Brian's service to the Bank over the past three years has been critical to our response to the financial crisis and the country's economic recovery," said William C. Dudley, president and chief executive officer of the New York Fed. "I accepted his resignation with great regret and wish him well." Mr. Sack will step down as head of the Markets Group and SOMA Manager on June 29, 2012. He will then be placed on leave until September 14, 2012, during which he will have limited contact with the Bank and no access to Bank information, including FOMC and supervisory materials. Mr. Sack joined the New York Fed as head of the Markets Group in June of 2009. Poster Comment: Is Brian S, our lovely forum propagandist, Brian Sack of the "Plunge Protection Team???" It would certainly explain the willingness of Brian S to post the most transparent feel-good propaganda about the economy. If so, than I hope Brian S will be happy continuing to post absurd government data, while he collects his 99 weeks of government checks.
NEW YORK—The Federal Reserve Bank of New York today announced that Brian Sack, executive vice president and head of the Markets Group, is resigning from the Bank effective September 14, 2012.
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#1. To: Capitalist Eric, Brian S (#0)
Brian must be moving up to Czar of Marxist Propaganda in the Oilbomber administration.
Obama's watch stopped on 24 May 2008, but he's been too busy smoking crack to notice.
Brian S will be happy
"We (government) need to do a lot less, a lot sooner" ~Ron Paul
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