Goldman Sachs director Stephen Friedman recently defended his purchase of Goldman shares while he was serving as chairman of the New York Federal Reserve. Oh, no, there's no conflict of interest there, right?

You'll recall Goldman Sachs, of course. That's the former "investment bank" that was converted during late last year's financial crisis to the status of a traditional bank holding company.

Maybe somewhere along the line we'll get an answer to that question about p ...

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