Former New York Federal Reserve examiner Carmen Segarra delivers a first-hand account of what goes into supervising a major financial institution - in this case, Goldman Sachs. Segarra describes the ambiguous management muddle within the NY Fed that facilitated the regulatory ca…
Special team. Different training -- The regulator floor -- We want them to feel pain, but not too much -- The shadow -- The Goldman lawyers -- You should not have come -- The UK FSA -- Fly paint -- You didn't hear that -- Gaslighting -- How do you think they are getting ahead? -…
"In 2011, Carmen Segarra took a job as at the Federal Reserve Bank of New York supervising for Goldman Sachs. It was an opportunity, she believed, to monitor the big bank's behavior in order to avoid another financial crisis. Segarra was shocked to discover, however, the full ex…