In a joint letter, Reps Edolphus Towns and Stephen Lynch wonder how former Goldman Sachs (GS)...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

In a joint letter, Reps Edolphus Towns and Stephen Lynch wonder how former Goldman Sachs (GS) executive Stephen Friedman "was permitted to make windfall profits by trading stock in a company he had a role in regulating." Fed officials who challenged Friedman's waiver to own stock while serving as NY Fed chairman "were ultimately overruled," they say.