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NY Fed Head Of Banking Supervision, And Person Who Handed Over Billions In AIG Profits To Goldman, Resigns
The name Sarah Dalgren is well-known to long-term Zero Hedge readers: back in January 2010 we revealed that, just before the Great US banking system backdoor bailout by way of getting a par return on AIG CDS, back in August 2008 Goldman was willing to tear up AIG Derivative Contracts, and had in fact offered to take a haircut. It was the Fed who turned Goldman's offer down! And the person who made the decision would become the Fed's head of Special Investments [AIG] Management Group: Sarah Dahlgren.
We said that Dahlgren "not only did not save US taxpayers' money, but in fact ended up costing money, when they funded the marginal difference between par (the make whole price given to all AIG counterparties after AIG was told to back off in its negotiations) and whatever discount would have been applicable to the contract tear down that had been proposed by Goldman a mere month earlier. This, more so than anything presented up to now, is the true scandal behind the New York Fed's involvement."
In other words, Sarah not only did Goldman a huge favor, but in effect made sure that Goldman Sachs would make a massive profit on what would end up being the world's biggest bailout program and the launch of a series of QE4 program that have led to the destruction of the US middle class.
Obviously, in exchange for her action giving Goldman shareholders billions in undeserved rewards, she was promptly promoted to the role of executive vice president and head of the Financial Institution Supervision Group (FISG), aka the head of Bank Supervision at the NY Fed, a bank which as has been repeatedly documented in recent years, is nothing but a branch of Goldman Sachs.
Moments ago she resigned.
Sarah Dahlgren to Resign from New York Fed
The Federal Reserve Bank of New York today announced that Sarah Dahlgren, executive vice president and head of the Financial Institution Supervision Group (FISG), has announced her decision to resign from the Bank at the end of 2015.
Ms. Dahlgren is expected to remain in her current position as head of FISG until October 1, 2015, to help with a smooth transition and to continue to implement certain organizational initiatives, including the relocation of on-site examiners to the New York Fed’s downtown offices.
On October 1st, Ms. Dahlgren will assume the role of senior advisor to the president of the New York Fed, William C. Dudley. In that capacity, she will continue to assist in FISG’s leadership transition and provide expertise and guidance with respect to broad financial stability matters, including the Bank’s work on financial industry culture and ethics. As senior advisor, Ms. Dahlgren will no longer participate in the supervision of financial institutions or have access to confidential supervisory information.
The New York Fed, in consultation with the Board of Governors of the Federal Reserve System, will immediately begin the search for Ms. Dahlgren’s successor and is in the process of engaging an executive search firm.
“Sarah has been tireless in her service to the Bank and she has accomplished much during her long and distinguished tenure. She has never been afraid to take on the most difficult assignments and has done so with the highest levels of professionalism, integrity and dedication to public service. During the financial crisis, Sarah’s leadership managing the AIG intervention contributed greatly to the success of that effort, which in turn was essential to the Fed’s ability to stabilize the financial system and, as the head of FISG, Sarah implemented many important changes that improved the effectiveness of our supervision efforts,” said Mr. Dudley.
“Sarah drew on the lessons of the financial crisis to implement significant reforms and innovations in how we supervise the largest institutions, including increased engagement with senior leadership, enhanced understanding of the firms’ businesses and broader cross-firm perspectives. She will leave FISG stronger and better positioned to help the Federal Reserve System keep pace with the ongoing evolution of the financial system. I accepted her resignation with great regret and wish her well,” added Mr. Dudley.
Ms. Dahlgren became the head of FISG on January 1, 2011. She was named executive vice president and head of the newly formed Special Investments Management Group in January 2010. Ms. Dahlgren joined the Bank in 1990.
Just three questions here about Sarah Dahlgren's "resignation":
1. Why is she resigning now: is there a crackdown on just how corrupt the Goldman Sachs branch office at Liberty 33 truly is? Acutally, just kidding. Ignore this for obvious reasons.
2. What will her salary at Goldman Sachs be once she joins the 200 West firm?
3. Which Goldman partner will replace her?
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Here's another question.
Why does 'she' look like a man?
Because it's really Bill Gates in drag.
They always promote lesbians and gays, it's the PC thing to do. Besides they are stupid, controllable, have no morals, and ask no questions. Sieg Heil!
Sarah backwards is "haras(s)". Hmmmm...
Team JENNER ???
She needs to wash her face. It has got "BITCH" written all over it.
It's Pat.
She looks a little old to have acne.
Must have had a chemical peel to remove the ugly.
Nevermind,
The ugly is still there.
Maybe its from sucking uncircumcised banker cock.
It looks like a too many chromosomes got mixed in there as well...
A Blast From The Past: Here's Sarah Dahlgren on why she does what she does:
http://www.c-span.org/video/?293738-1/aig-troubled-asset-relief-program-...
and
http://www.c-span.org/video/?293738-1/aig-troubled-asset-relief-program-...
And the acne? Stress and lying can do that, it certainly did to her. Unless it's a dog bite? Or unless it was that other NASTY piece of work aka 'Hank' Greenberg who tried to bite her face off...
Most bankster cock is circumcised. Probably tea-bagging rub burn on her chin.
Martina Navratilova !
Just Remember Who The GoldMan Enabler Has Been Right From GWB TARP ETC ETC ... Omabamoa...
same thing as eunics rising in various empires. they are a class unto themselves usually and most lesbian/gay folks are want to identify themselves as such as their primary identity.
those few lesbian and gay folks who don't publicly identify themselves with 'gay/lesbian' identity but also publicly identify as working people from the middle class do not get this treatment. identity politics are divide and conquer. gay black nazi jew white polka dots.
I suppose you mean eunuchs, right?
Ha ha ha, "eunuch folk". LOL.
The Last Castrato: Alessandro Moreschi
https://www.youtube.com/watch?v=KLjvfqnD0ws
She doens't look like she was breastfed as an infant.
My immediate thought too.
Starting to think there is no end to what is not as it seems!
The revolving door cares not.
Meanwhile, some trippy sounds...
https://www.youtube.com/watch?v=cWyZu_n0BVM
Does it seem the program is breaking down?
We're starting to receive insights and pecularities that show wear on the ole machine.
It is getting glitchy for sure...
no fresh blood
"I like woodworking, tearing motor engines apart, smoking cigars, hanging out at the barber shop, strip joints, chain-driven wallets, my F150, tool belts, beer farts, football, and eating poontang."
Me too :-))
Check out her cold, dead, psychopathic eyes. It's like staring into the eyes of some predatory animal.
No offense meant to real predatory animals btw..... which follow some basic instinctive rules of the game.
No, that far away stare looks like the Xanax has kicked in.
I think she's just tired from keeing her finger in the dyke.
gladih8r, appreciate the clarifaction about real predatory animals at first I took it as dissing my cat. Another similarity my cat can lick his own ass although not as good as she licks bankster ass.
I don't often comment on someone's physical appearance BUT Dahlgren really does look like a NASTY piece of work in that photo.
Why does she look like a man? She looks like Hank Paulson's daughter/clone.
Here she is again:
http://www.newyorkfed.org/aboutthefed/orgchart/dahlgren.html
Shocked she's still a Ms. s/c
"It's a man baby!"
https://www.youtube.com/watch?v=PNzrem4U298
Liberty is a demand. Tyranny is submission.
IKEA genes
The SHTF!
https://www.youtube.com/watch?v=iEhFvN4BuJM
The SHTF! https://www.youtube.com/watch?v=iEhFvN4BuJM
Some serious rug burn on her chin..... (if you know what I mean)
I wouldn't hit that with someone else's dick swathed in lead. Why are all women bankers so fugly?
Ah yes, so it was indeed a dog bite...
"And Person Who Handed Over Billions In AIG Profits" AIG profits????Tylers, please explain that headline of yours. Please.
Check this legitimate ways to mak? money from home, working on your own time and being your own boss... Join the many successful people who have already used the system. Only reliable internet connection needed, no prior experience neccessary, that's why where are here. Start here... www.globe-report.com
nailgun
When youre hot youre hot
AIG and GS should have been thrown under the bus with Lehman, period. Hell, GS was not even a primary dealer until they realized that they and their biggest risk would need a bailout.
tick tock motherfuckers...
Look ! Look over there. Putin is up to something.
Daylight theft of this country's remaining treasures goes on everyday with absolute impunity; while concocted diversions proliferate.
so, same as it ever was until the supply line break then?
Fine by me.
It was no undesigned coincidence IMHO that the stock exchanges and commodity exchanges were consolidated and made into for profit businesses just as the banking interests called in their chits on everyone - what the hell is wrong with simple fairness? If my bad management practices cause my bankruptcy , well then why shouldn't your bad management practices cause your bankruptcy? There is such a thing as justice , regardless of the blindfold she wears.
@LawsofPhysics: Absolutely. GS had loaded AIG FP with risk, with risk that GS KNEW was going to blow-up. How in the fuck did GS think it was all going to end? How did GS expect to ever be paid by a bankrupt AIG FP? By Hank Paulson, by Geithner, by Dahlgren, by Alvarez - that's how.
she will be bernanke's assistant at Citidel
I was going to say that she is probably lined up for a job at Goldman Sachs in the next year or two.
" Peg! Peg! I'm blind!...I seen your mother naked and......
best tv show evah.
She can kick back and put on her Birkenstocks and watch Ellen reruns over the summer.
WHat is it?
Ellen's DAD?
God she's pirrrrrty.......
KILL THEM ALL....
just another employee of the FUCKING month at the GS
Extra hookers and blow for her! Just like the rest of the good ol boys club.
Damn!!
An officer AND a gentleman!!
All the way down this thread...ouch!!!!
Too funny....ahhhhaaahaaaa.....
Dingo, thanks for the laugh man....
Oh I disagree: That young woman is NO gentleman.
True. A gentleman would at least take you to dinner and a movie before fucking you.
Her "job" has been promised to some other boot licker.
Dirty Bitches
Sarah must have some skills as she didn't get there on looks.
Rumour has it she can lay 100 square feet of carpet in one minute with her tongue.
Nothing like a letter from Dudley to find your next job....or just exchange for $10 Million credit at the casino!
Hey! Isnt that Merkel?
best and brightest, lulz
the AIG trial results have not been announced yet, you'd want to "disappear and shut up" those responsible before any adverse $80,000,000,000.00 judgement is announced (in addition to criminal prosecutions).
The shit sandwich will not stay down.
Watch the criminals go through the revolving door.
They're rubbing the systemic corruption in our faces.
The NY Fed is such a disgrace, nothing but a nest of vipers. Geithner, Dahlgren and on and on. What a wretched stench!!
Another government insider secretly working for the banksters.
Her hideously ugly head should be stuck on a pike on Wall Street along the rest of the banking mafia she protected.
Don't worry - she's just more guillotine fodder from the bankster/politician "dead pool".
Post collapse, ZH will hopefully (if it hasn't been taken out) still provide a very comprehensive archive to identify all the cunts in dire need of a lop.
Legs spread like butter and 2 swallows don't make a larry summers.
Serial Killer!!!
If you cant beat'em fucking kill dem until they let you join..
James Spader in drag.
can't they bribe a good looking person for a change? i don't mind getting screwed by good looking people but getting it from all these fugly vogons is bringing me down. perhaps there just AREN'T ANY attractive people in new york?
Since joining the Bank in 1990, Ms. Dahlgren has held various positions within the Bank Supervision Group, as well as having responsibility for the Bank’s credit risk management function. Ms. Dahlgren holds a bachelor’s degree from Cornell University and a master’s degree from Duke University.
Credit Risk Management function
Credit as money relates to the future. It is loaned into money supply, and then begins to be recalled at a rate dependent on its debt instrument. The future is unknown, and hence it must be “risk” assessed.
This private banker credit money type is risky because it relates to an unknown future, and the nature of this money makes it want to disappear. Credit also has counterparties, each with some sort of nebulous risk assessment. So, if John doesn’t pay Peter, then the whole counterparty risk causes dominoes of destruction. This destruction then leads to new loans not being made, and hence money supply collapses as credit continues to drain into ledger. This creation/destruction rate usually does not match actual goods and services, and worse the credit often channels incorrectly.
Real money…currency type money, already is. It came from the past and is permanently in the supply. It cycles in and out of transactions as a tool so that humans can trade their output.
If there is risk with wealth money, creditor or debtor takes the loss, but there is no counterparties. The money itself is wealth and not credit, so its behavior is radically different. This type of money stands on its own and doesn’t need risk assessment. Wealth money is legal money backed up by its community of users and their commons.
Banks should not be loaning private credit into existence, to then harvest humanity.
Some sovereign credit in supply would be useful (not bank credit), and the rest needs to be actual spent- into- existence wealth type money. A money supply that is maybe 70% sovereign money and 30% sovereign credit would probably work well, and hence we do not need these big banks and their “risks.” Canada 38-74 Sovereign-like money supply was about this ratio, and they had a very efficient economy which did fund full employment, full healthcare, free college, along with a population that had wealth savings. Canada’s population started pooling their savings and bypassing the bankers by the early 70’s.
Banks should only work for fees as they match up creditors with debtors.
www.sovereignmoney.eu
How crazy are we? We fund our own dispossession. We have handed money power over to elites, to then harvest us with their private credit “means.”
Section 8 of constitution permits Congress to coin money and to regulate its value. Coining money implies creating it and then spending it into existence.
'The future cannot repay today's debts'......trav7777
If somebody sees her walking down the street, please knock her teeth out with a baseball bat.
The tree of liberty must be refreshed from time to time with the blood of ugly, dyke jews and patriots...
So, taking bets on who will replace her: One from the 2% or one of the "less equals?"
Liberty is a demand. Tyranny is submission.
It will probably a colored person to hold the bag.
Lizzy Borden could have been a GS partner.
she kinda looks like Jamie Gorelick
I am guessing she go to work for The Clinton Charity(Slush Fund) and campgain for Hillary
.338 Lupua Magnum. Just one. White feather still lives.
Promote the lesbian and she pays Goldman back with billions, chalk up another victory for the Jews!
She looks like A. Merkel's spawn.
www.traderzoo.mobi
I bet she's a riot at parties - just look at that face.
Dude looks like a lady.
No math, economics or business in her educational background nor experience in the industry, instead a degree in government - so why was she hired by the Fed (Bank Examiner) and then made head of of the Fed's Special Investment [AIG] Management group?
"She earned a government degree at Cornell University, then spent two years working as a manager at department store Abraham & Strauss, in part because she wanted "to get some real life experience managing people." Next was a public policy master's degree from Duke University."
Financial Analyst/ Bank Examiner
Qualifications
"Individuals interested in a career as an analyst should have a degree in business administration with concentration in accounting or finance, and experience in financial analysis as it relates to banking. Knowledge of the laws and regulations governing banks and bank holding companies is preferred. A master’s degree is required for most higher-level positions."
http://www.federalreserve.gov/careers/analysts.htm
Yeah she is Ivy League and therefore expected to be made Executives some place. She might have been told that you don't really have any power or real position in Government these days.
But probably she knew someone that got her these jobs and mentored her.
Would have been a million to one for me to get a job at the FED OR much worse odds.
Great point on the Ivy League revelation. Didn't take the time to look this soul-selling cunt up but that is definitely her ticket.
Or, if not qualified with any of the above, one can fast track by being any of the following: homosexual, jewish, a minority (except at the Fed, can't have youths touching the printer), and/or an Israel-firster. Basically the same stringent criteria to join the Supreme Court.
It's JWO time and dumb goy either can't figure out Jews control everything, or are too chicken-shit to state the obvious.
Don't ever forget this beauty....
"The process by which banks create money is so simple the mind is repelled." John Kenneth Galbraith
Banking is not difficult. It just takes a sociopathic mind that has no problem with fraudulant, criminal behavior. Let's call a spade a spade here.
A caveman wouldn't fuck her.
She's so mean the 4th Reich turned her down before she joined the NY Fed.
She does have the look of an SS death camp warden.
"I thought we could make it work because you look like a man."
[Apologies, I'll stop now, just too easy.]
Does it look like she shaves her chin to you??
Actually I'd be lucky to get Alimony from her.
WHOA! Holy Shie, that bitch looks like Bill Gates in drag.
This bitch is so ugly she brushes her teeth... the ones in her Vag. Probably looks like the mouth of Sauron.
AND HE DID GANDOLF
HE DID
I bet she does a lot of Kegels...
I think you meant Kagans, as in the cucumber-cowgirl chief justice sort?
All of a sudden Blythe Masters and her ginormous feet is starting to look really hot in comparison.
Credit finance pyramids usury toward the peak – where the all seeing eye of Horus is. This money then funds secret control of society.
It is fairly easy to co-opt personalities that are ready to be pushed. Certain lesbians may be easy prey to convert and become a sayanim agent. If a person cannot be easily pushed into immorality, then they can be broken. After illuminist infiltration of Masonic lodges, break-down methods became widely used. A person will be blackmailed, to then submit to psychological break down rites. The rites include lack of food and sleep as well as shaming rituals. Positive rewards would be sex, sometimes orgies, and money. Illuminists lead a double life, where they are loyal to their in-group and not civilization.
She may be high up in the hierarchy and also completely compromised.
Private credit as money funds a corrupt pyramid money power system, which is at odds with consensual society run for the benefit of its people.
It all begins and ends with the money system. Prices and money direct humanity. So why do we allow known psychopaths to have the money power?
Her/him/it's chin looks like it was worn down from too many ball sacks banging against it.
CUNT
I agree with the Bill Gates in drag comment. ROTFLMAO.
She looks dead on the inside.
Hop in that Subaru Brat of yours with the equality sticker on the back bumper and head on down the road girrrrrrrrllllll.....uh, dude.
She really should get outdoors a little more,the sun would be good for her.It looks like that old twin blade has been hard on her face.