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In reply to the discussion: Eric Holder, Wall Street Double Agent, Comes in From the Cold (RollingStone - July 8 2015) [View all]think
(11,641 posts)20. Yes. I'm sure the SEC also sucked. Obviously we need people who aren't connected to Wall Street
in the government positions that effect it's regulation and policing.
Of course even when whistleblowers do the right thing they are ignored:
Secret tapes of Fed meetings on Goldman prompt call for U.S. hearings
By JONATHAN SPICER AND EMILY STEPHENSON - Fri Sep 26, 2014 6:18pm EDT
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.
Elizabeth Warren, a Democrat on the Senate Banking Committee, on Friday called for hearings after portions of the recordings from 2011 and 2012 were made public. Fellow Democrat Sherrod Brown, also a committee member, called for a "full and thorough investigation" into the allegations they raised.
Carmen Segarra, a former New York Fed bank examiner who brought a wrongful termination lawsuit against her former employer, recorded the conversations and provided them to the investigative news outlet ProPublica and the public radio show "This American Life" to illustrate what she saw as an inappropriately close relationship between regulator and bank.
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...
Read more:
http://www.reuters.com/article/us-usa-fed-whistleblower-idUSKCN0HL2F320140926
By JONATHAN SPICER AND EMILY STEPHENSON - Fri Sep 26, 2014 6:18pm EDT
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.
Elizabeth Warren, a Democrat on the Senate Banking Committee, on Friday called for hearings after portions of the recordings from 2011 and 2012 were made public. Fellow Democrat Sherrod Brown, also a committee member, called for a "full and thorough investigation" into the allegations they raised.
Carmen Segarra, a former New York Fed bank examiner who brought a wrongful termination lawsuit against her former employer, recorded the conversations and provided them to the investigative news outlet ProPublica and the public radio show "This American Life" to illustrate what she saw as an inappropriately close relationship between regulator and bank.
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...
Read more:
http://www.reuters.com/article/us-usa-fed-whistleblower-idUSKCN0HL2F320140926
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Eric Holder, Wall Street Double Agent, Comes in From the Cold (RollingStone - July 8 2015) [View all]
think
Apr 2016
OP
Eric Holder was soft on Wall Street bank crimes. He's going back to defend the very criminal banks
think
Apr 2016
#4
Yep. With many of the too big to fail banks paying her millions collectively in speaking fees
think
Apr 2016
#8
I agree, so many sickening things. Not the least of which people I thought cared about humanity
onecaliberal
Apr 2016
#13
The revolving door made a mockery of the justice system in regards to Holder's case.
think
Apr 2016
#6
Very welcome. Wish they were more positive. Hopefully in discussing it though & making people aware
think
Apr 2016
#16
It's one of the reasons people are so angry. Main Street lost everything and those
onecaliberal
Apr 2016
#17
That's for sure. Millions of Americans lost their jobs and/or homes in the last economic meltdown
think
Apr 2016
#18
Yes. I'm sure the SEC also sucked. Obviously we need people who aren't connected to Wall Street
think
Apr 2016
#20
William K Black makes an excellent choice for AG. There has to be others of his caliber out there.
think
Apr 2016
#28
Very valid points. And of course Hillary is opposed to Glass Steagall to the joy of those too big to
think
Apr 2016
#24