Pauls' Revere
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- Joined
- Nov 15, 2007
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- 11,347
http://finance.yahoo.com/news/secret-tapes-fed-meetings-goldman-020200029.html
The tapes appear to show an unwillingness among some Fed supervisors to both demand specific information from Goldman about a transaction with Banco Santander and to strongly criticize what Segarra concluded was the lack of an appropriate conflict-of-interest policy at Goldman.
Political interest in the recordings could feed suspicion among Americans that little has changed on Wall Street since bank regulators failed to identify and stop the risk-taking that led to the 2007-2009 financial crisis and deep U.S. recession.
"When regulators care more about protecting big banks from accountability than they do about protecting the American people from risky and illegal behavior on Wall Street, it threatens our whole economy," Warren said in an emailed statement. "Congress must hold oversight hearings on the disturbing issues raised by today's whistleblower report when it returns in November."
Brown, in an email, said: "For too long, too many financial regulators have been too cozy towards the very industry that they are meant to police."
reminds me of George Carlin:
http://www.bing.com/videos/search?q...&mid=09CDE9928495FB56A1CE09CDE9928495FB56A1CE
The tapes appear to show an unwillingness among some Fed supervisors to both demand specific information from Goldman about a transaction with Banco Santander and to strongly criticize what Segarra concluded was the lack of an appropriate conflict-of-interest policy at Goldman.
Political interest in the recordings could feed suspicion among Americans that little has changed on Wall Street since bank regulators failed to identify and stop the risk-taking that led to the 2007-2009 financial crisis and deep U.S. recession.
"When regulators care more about protecting big banks from accountability than they do about protecting the American people from risky and illegal behavior on Wall Street, it threatens our whole economy," Warren said in an emailed statement. "Congress must hold oversight hearings on the disturbing issues raised by today's whistleblower report when it returns in November."
Brown, in an email, said: "For too long, too many financial regulators have been too cozy towards the very industry that they are meant to police."
reminds me of George Carlin:
http://www.bing.com/videos/search?q...&mid=09CDE9928495FB56A1CE09CDE9928495FB56A1CE
