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Great News For Those Who Want More Federal Reserve of New York Transparency

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Carmen Segarra, a former senior examiner for the Federal Reserve Bank of New York was fired in the Spring of 2012 for having the audacity to document Goldman Sachs had seriously inadequate policies and procedures to deal with their compliance problems and conflicts of interest issues. She recommended Goldman Sachs be down graded from "satisfactory" to fair for their policies and procedures. She was "offered" a chance to change her report and her findings (more like "told" to change her recommendations and findings). In an all too rare example of integrity; she refused to do so.

She was subsequently fired, had her phone confiscated and she was perp walked to the door.


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