Why does NY Fed need all these private meetings ?

Why does NY Fed need all these private meetings with investment bankers?

Submitted by cpowell on Sat, 2011-01-01 01:22. Section: Daily Dispatches

8:21p ET Friday, December 31, 2010

Dear Friend of GATA and Gold:

Zero Hedge's pseudonymous Tyler Durdan yesterday took a good crack at the many private meetings held with Wall Street investment bankers by the president of the Federal Reserve Bank of New York, William Dudley. Of course the Fed's secrecy and favoritism are primary targets of GATA's work, even as most mainstream financial analysts and gold market analysts have no curiosity about what the Fed might be doing in secret. The Zero Hedge commentary is headlined "Why Does Brian Sack Interact With Goldman's 'FX Committee'?" and you can find it at Zero Hedge here:

http://www.zerohedge.com/article/why-does-brian-sack-interact-goldmans-f...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.