Taking on Goldman Sachs and the New York Fed: A whistleblower tells her story. Exposing Misconduct.

Taking on Goldman Sachs and the New York Fed: A whistleblower tells her story

November 2, 2018

In the wake of the financial crisis, Sen. Chris Dodd, Democrat of Connecticut, tried to strip away the Federal Reserve’s regulatory power over banks and introduced legislation to create new agencies to police Wall Street.

The idea went nowhere. Congress — in the bill that bears Dodd’s name — eventually gave a great deal of power to the Fed to make sure banks were safe and sound.

Carmen Segarra, a former New York Fed bank examiner, thinks the Fed’s job of maintaining the economy is at odds with being a tough bank regulator.

Read more here.
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