Explosive new secret recordings of Federal Reserve regulators in bed with Goldman Sachs has Senator Elizabeth Warren irate and demanding a federal probe into this close, and special, Wall Street/Federal Reserve Regulator relationship:
U.S. Senator Elizabeth Warren called for congressional hearings into allegations that the Federal Reserve Bank of New York has been too deferential to the firms it regulates.
A radio program about the regional Fed bank raised “disturbing issues” and “it’s our job to make sure our financial regulators are doing their jobs,” Warren, a Massachusetts Democrat and member of the Senate Banking Committee, said in a statement yesterday.
The radio program Senator Warren was referring to was yesterdays
"This American Life: The Secret Recordings of Carmen Segarra"
(update) ProPublica 1hr ago (Congressional reactions to these secret Goldman Sachs and Federal Reserve recordings)
(update) USA Today 1hr ago..
(new update) CNN 4 minutes ago..