Posts Tagged ‘Carmen Segarra’

Who’s running this country anyhow?

September 29, 2014

Carmen Segarra, a bank examiner assigned by the Federal Reserve System to Goldman Sachs, was fired after refusing to withdraw a report criticizing Goldman.

Theodore RooseveltShe made tape recordings showing how subservient the other Fed examiners were to a company they were supposed to regulate.

The country is being run by the kind of people that Theodore Roosevelt called “the malefactors of great wealth” and “the criminal rich class.”  The fact that certain people are rich does not, in and of itself, entitle them to respect or deference, let alone immunity from laws and regulations that other people have to obey.

LINKS

The Secret Goldman Sachs Tapes by Michael Lewis for Bloomberg View.

Inside the New York Fed: Secret Recordings and a Culture Clash by Jake Bernstein for ProPublica.

NY Fed Fired Examiner Who Took On Goldman by Jack Bernstein for ProPublica (2013).  This has more details on the problems with Goldman Sachs than just what was on the recordings.  [added later]

Fed Whistleblower Carmen Segarra, Edward Snowden and the Closing of the Journalistic Mind by Yves Smith for naked capitalism.  [added later]

The Secret Recordings of Carmen Segarra, an interview by Ira Glass for This American Life.