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[lolfed] The Secret Goldman Sachs Tapes
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pjp
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PostPosted: Sat Sep 27, 2014 3:50 am    Post subject: [lolfed] The Secret Goldman Sachs Tapes Reply with quote

The Secret Goldman Sachs Tapes
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The Fed failed to regulate the banks because it did not encourage its employees to ask questions, to speak their minds or to point out problems. Just the opposite: The Fed encourages its employees to keep their heads down, to obey their managers and to appease the banks. That is, bank regulators failed to do their jobs properly not because they lacked the tools but because they were discouraged from using them.

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Bones McCracker
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PostPosted: Sun Sep 28, 2014 1:57 pm    Post subject: Whistleblower Tapes Fed's Ongoing Incest with Goldman Sachs Reply with quote

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(Reuters) - An influential U.S. senator wants to hold hearings into "disturbing" issues raised by secretly taped conversations between Federal Reserve supervisors and officials at Goldman Sachs Group Inc (GS.N), a bank the Fed was tasked with policing.
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The tapes appear to show an unwillingness among some Fed supervisors to both demand specific information from Goldman about a transaction with Banco Santander (SAN.MC) 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.

http://www.reuters.com/article/2014/09/27/us-usa-fed-whistleblower-idUSKCN0HL2F320140927
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PostPosted: Sun Sep 28, 2014 2:04 pm    Post subject: Reply with quote

Oops. I just duped this. But since my thread title is clearly superior...
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pjp
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PostPosted: Sun Sep 28, 2014 5:03 pm    Post subject: Reply with quote

In an attempt to be clever, you overlooked the requisite 'lolfed.' No title for you!
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