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A (Worrisome) View Inside the Federal Reserve

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  • Tue, Sep 30, 2014 - 01:49pm

    #1

    Adam Taggart

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    A (Worrisome) View Inside the Federal Reserve

This past weekend, This American Life released a podcast featuring secret tape recordings made by Carmen Segarra, a former staff member of the Federal Reserve.

Segarra was placed on the team overseeing regulatory compliance at Goldman Sachs. The environment her recordings reveal is one of toothless regulatory capture, where the Fed feared doing anything that might upset Goldman, the bank it was supposed to be keeping in line.

The hour-long podcast is well worth a listen: 

http://www.thisamericanlife.org/radio-archives/episode/536/the-secret-recordings-of-carmen-segarra

The full transcript can be read here.

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  • Wed, Oct 01, 2014 - 12:40pm

    #2

    Oliveoilguy

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    Good for Carmen

None of this surprises me about Goldman. Truly a viper. I hope more courageous people like her will pursue the truth. 

  • Wed, Oct 01, 2014 - 04:47pm

    #3
    Thetallestmanonearth

    Thetallestmanonearth

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    I hope she doesn’t stand too

I hope she doesn't stand too close to open windows in tall buildings.  What she did takes gumption and it would be a shame to see that rewarded the way the banks typically reward dissidents.

  • Wed, Oct 01, 2014 - 04:55pm

    #4

    Time2help

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    Ditto

Ditto for nailguns.  I'd recommend getting rid of those, they are dangerous.

  • Wed, Oct 01, 2014 - 07:14pm

    #5

    Bankers Slave

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    And there is not a lot you can

do about those heart attack attacks. Good on her though!

  • Wed, Oct 01, 2014 - 07:35pm

    #6
    Thetallestmanonearth

    Thetallestmanonearth

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    Hot tubs are also

Hot tubs are also ill-advised.

  • Thu, Oct 02, 2014 - 11:21am

    #7

    LesPhelps

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    The Tapes Feature the Fed

What shocked me was the way the Fed deferred to Goldman.  Deferred is too mild a word, but I'm struggling for a better one.  The Fed auditors behaved like subordinates who reported to Goldman representatives.

I was only worried about Carmen's career in the banking industry.  What don't I know that makes people concerned about her physical safety? 

  • Thu, Oct 02, 2014 - 02:11pm

    #8

    Time2help

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    What you don’t know

[quote=LesPhelps]

I was only worried about Carmen's career in the banking industry.  What don't I know that makes people concerned about her physical safety? 

[/quote]

See the rabbit hole?  Go down it.  Further.

  • Thu, Oct 02, 2014 - 03:02pm

    #9

    Bankers Slave

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    And take the

red pill before your descent! 

  • Thu, Oct 02, 2014 - 04:14pm

    #10

    Time2help

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    Prophetic?

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