Sorry for the short diary, but this just broke a few minutes ago and I haven't seen anything else on it here. But according to various news sources including the NY Times:
Stephen Friedman, the chairman of the New York Federal Reserve Board, abruptly resigned on Thursday, days after questions arose about his ties to Goldman Sachs.
He had been expected to depart by year's end, but this abrupt resignation was sudden and unexpected. Although, given his massive conflict of interest issues that may verge on the criminal (at least to this non-lawyer), I can see why he quit suddenly.
Perhaps he's gotten a call from the White House or DoJ?
The full, brief article below the fold.