Bloomberg has unveiled a set of secret recordings that allegedly show that Federal Reserve Bank of New York investigators were too scared of questioning Goldman Sachs.
According to the report, shown below, former New York Fed investigator Carmen Segarra was fired for secretly recording 46 hours' worth of conversations that allegedly show that the regulators' employees were worried about angering the bank.
One exchange includes a Fed employee telling Segera that "you didn't hear that" after a Goldman Sachs bankers said: "once consumers are wealthy enough certain consumer laws don't apply to them."
For the full report, check out Bloomberg's video below:
