clifp
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Oct 27, 2006
- Messages
- 7,733
Last weeks This American Life had very interesting segment on the experience of a Fed regulator who was part of the team in charge of overseeing Goldman Sachs in the Spring of 2009.
Her side of the story was that her fellow regulators were very reluctant to question GS or otherwise make waves. When she started to do so (in her words do her job) she was told to back off, and which point she started recording the meetings.
She eventually got fired and is suing the Fed, so there is obviously an axe to grind her. Still I found her description of the regulator process very plausible and more than a little depressing.
I know we've folks involved in both side of financial regulations, so I'd be interested in their perspective.
P.S the show transcripts are much faster to read, but you miss the cool music and Ira's great radio voice.
Her side of the story was that her fellow regulators were very reluctant to question GS or otherwise make waves. When she started to do so (in her words do her job) she was told to back off, and which point she started recording the meetings.
She eventually got fired and is suing the Fed, so there is obviously an axe to grind her. Still I found her description of the regulator process very plausible and more than a little depressing.
I know we've folks involved in both side of financial regulations, so I'd be interested in their perspective.
P.S the show transcripts are much faster to read, but you miss the cool music and Ira's great radio voice.