Friday, June 27, 2008

New Governor approved for the Fed

The Senate confirmed banker Elizabeth Duke for a seat on the Federal Reserve on Friday, but declined to act on two other long-stalled nominees to the central bank.

Ms. Duke is the chief operating officer of Portsmouth, Virginia-based TowneBank, which has $2.6 billion in assets.

She majored in drama at the University of North Carolina at Chapel Hill and has an MBA from Old Dominion University.

I guess that's the qualification!

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