[insert GS power-trip conspiracy theory here]

Unsurprisingly, William Dudley was picked to replace Timothy Geithner as president of the NYFed, which probably entitles him to a really tricked-out nametag. We at LOLFed have no doubt that  Dudley Do-Right will do fine, as he already has experience packing the Fed’s balance sheet with junk nobody else wants:

Dudley, a former top economist at Goldman Sachs, joined the New York Fed in 2007 as one of Geithner’s top aides.

He has played a key role in designing and implementing the Federal Reserve’s strategy to buy assets to stabilize certain financial markets. The Fed’s balance sheet has grown from about $800 billion to more than $2 trillion as a result of the purchases. In addition, the quality of the balance sheet has suffered.