McKinsey & Co. senior exec Thomas Barkin named new head of the Federal Reserve Bank of Richmond
With a new head of a regional FED his background will come to the forefront of news. With his possible connection to bribery in South Africa. Although there are just references to his name, a couple of big name banks have refused to do business with him and his bank.
Another interesting point is that he does not have his higher education degree in economics. He has his degree in business and law. Will this have an effect on his work at the FED. Some believe having a degree in economics should be a prerequisite to having a high position a the FED. What do you think?
https://www.cnbc.com/2017/12/04/mckinsey-co-senior-exec-thomas-barkin-named-new-head-of-the-federal-reserve-bank-of-richmond.html
One would assume a background in Economics would be a good idea for someone in charge of the federal reserve bank of Richmond. On top of that the possible connection to the bribery in South Africa seems as if it would be a big problem to me. With both of these considerations I believe Barkin's position should go under evaluation.
ReplyDeleteThe bribery allegations seem a lot more serious to me than his back ground. I think it completely possible and not out of the ordinary even in a niche place like the FED for an outsider to come in and thrive. I mean just look at our president the D.J.T
ReplyDelete