William Dudley, former chief economist at Goldie, will replace Geithner as the head of the NY Fed.
Reuters: Before becoming the Fed’s chief trader in 2007, Dudley was chief economist at Goldman Sachs for 10 years, a role for which he was ranked No. 1 in Institutional Investor magazine’s league table of economists several times. He had joined Goldman Sachs in 1986, working in a number of capacities, including as former Treasury Secretary Robert Rubin’s senior economic adviser.
Prior to his years at Goldman, Dudley was in charge of regulatory analysis at J.P. Morgan, where he
co-authored a pamphlet that advocated repealing the Glass-Steagall Act, a law put in place during the Great Depression to separate commercial and investment banking. Some economists have criticized the repeal of Glass-Steagall in 1999 as paving the way for the risk-taking that has led to the current crisis.
Dudley began his career as an economist at the Fed’s Board of Governors in the early 1980s. He holds a PhD in economics from the University of California at Berkeley.
http://uk.reuters.com/article/usPoliticsNews/idUKTRE50Q0ZV20090127?pageNumber=2&virtualBrandChannel=0

Bloomberg: George Mitchell, President Barack Obama’s special Middle East troubleshooter, was
chairman of a law firm that was paid about $8 million representing Dubai’s ruler in connection with a child-trafficking lawsuit.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aa7hdtvtfYxc&refer=worldwide