Tapes Showing Meek Oversight Of Goldman Are About To Rock Wall Street

[Antares]

Wall Street is about to be rocked by secretly recorded audio tapes that purport to show a too-cozy relationship between the New York Federal Reserve Bank and the financial institutions it is supposed to regulate.

The 45 hours of tapes, made by Carmen Segarra, a former NY Fed worker, capture former co-workers, whose job was to keep banks like Goldman Sachs in line, instead deferring to the banks, being unwilling to take action and being extremely passive, according to public radio’s “This American Life,” andProPublica which obtained the tapes and is scheduled to air a program about the matter Friday night.

Tapes showing meek oversight of Goldman are about to rock Wall Street New York Post

Round two.

 

[Moonglow]

Massive reforn is needed....

 

[TooTall]

Massive reforn is needed....

The only thing that will happen is the whiste blower will be completely discredited with lies and inuendo by the Liberals. Why do I say that you ask.

According to Federal Election Commission figures compiled by the Center for Responsive Politics, Goldman Sachs' political action committee and individual contributors who listed the company as their employer donated $994,795 during 2007 and 2008 to Obama's presidential campaign, the second-highest contribution from a company PAC and company employees.

Only the PAC and employees of the University of California, which donated more than $1.5 million, topped Goldman Sachs.

 

[shart_attack]

And now the Eric Holder resignation makes a little more sense.