You've just got to love the Federal Reserve, after all, they prevent us from knowing the truth abou

www.allgov.com...

Are Wall Street regulators dropping the ball again, only five years after the 2008 market crash? A lawsuit filed last week in federal district court in Manhattan against the Federal Reserve Bank of New York raises that and other disturbing questions.
Filed by Carmen Segarra, a former senior examiner for the New York Fed, the lawsuit alleges that she was fired after Fed supervisors pressured her to falsify her findings that Wall Street behemoth Goldman Sachs (2012 revenues: $34.163 billion) had established inadequate conflict of interest policies that were “full of holes” and failed to meet Fed requirements.
“They wanted me to falsify my findings,” Segarra said recently, “and when I wouldn’t, they fired me.”
An expert in legal compliance who had worked at Citigroup and the French bank Société Générale, Segarra was hired in October 2011 to be a “risk specialist” along with a cohort of others brought on to enforce the new Dodd-Frank law. Segarra was “assigned…to specifically examine Goldman Sachs’s conflict of interest program,” focusing on “three transactions discussed in the media – Solyndra, Capmark, and El Paso/Kinder Morgan” according to the complaint.
Goldman had a record of poor conflict of interest compliance. In 2010, for example, the Securities and Exchange Commission fined Goldman $550 million over conflicts related to Abacus, a mortgage deal the bank put together. A January 2011 Goldman report even admitted that the firm should “review and update conflicts-related policies and procedures, as appropriate.”

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A Sadist's Viewpoint...


So, the big bullies that run our banking system...with a fiat currency based on DEBT, not on actual VALUE, decide that they don't want the general public to know that a huge agency like Goldman Sachs isn't running their business the way the gov't has dictated they should be run.


WHY ?

So, when someone is simply doing the job they were given a task to do, they get fired in revenge.

WHY ?


It's because the entire setup is a damned fraud. Yellen has been appointed as Chairmen of the Reserve to replace Ben Bernanke during the "Gov't Shutdown". Gee, hear much about that on TV? Hear much congressional scrutiny on it? OH, I forgot, the bastards are shut down! They did this ON THE SLY.

I think it's time to get some damned rope. And some PACE brand Salsa, while we're at it....

reply to post by SadistNocturne


Good find Sadist!

Am on the run right now but this one actually cuts across 2 or 3 conspiracies - maybe more.

Will check back later, but in the meantime S&F...

As weak as Dodd/Frank is some banks still refuse to comply on the basis that either A) they'll never be caught, or B) if they do any fines will be chump change compared to the amount they swindled. It's a win/win game for these vultures who have stolen Billion if not Trillions of $ from the working people of America.
When people go to prison for years for stealing a bike yet if you rob thousands of their life savings nothing happens it's well past time for a change. Too bad Occupy was slandered so badly by the MSM, had it caught on with the general public things might be different. Yet at the end of the day those with the money still hold the reigns of power.
If there is another great depression and bankers start jumping from windows - I want to see it. I wouldn't care if they landed on me, I would die with satisfaction that there was some justice left in the world.

there is justice in this world alright....sadly it just happens to be judge dredd style for those above the law as such......we the people need to turn that around somehow and exact that kind of justice on those are intent on destroying peoples lives for profit....it is truly insane how money has corrupted peoples souls....

I'm headed to d.c. in the spring( unless circumstance dictates a sooner advance) and i don't plan on leaving till SOMETHING has changed.

Either I'm arrested

Or they are strung up

But idle time has passed.

Ill bring the rope

Segarra will likely get "an offer she can't refuse." That-- or suddenly has an accident.

reply to post by SadistNocturne


GS at it again.
Not surprising.

My prediction here is that they will go to court and pay a fine.

Make billions and pay a fine in the millions.

Good business strategy IMO.

reply to post by SadistNocturne


I couldn't agree more or agree, agree, agree and etc.

the Unfed privately owned b.s bank of the U.S. should learn to print silver certificates again ala JFK and e/o 11110 - stop the uhh bond baloney.

A bank can print a bond - 80 billion per month - it can certainly print a silver certificate that would be backed by uhh silver. Beats the heck out of being backed by a bunch of restless slaves - ie; the U.S. taxpayer.
No need for a real Fed Bank to charge usury fees or taxes.

Before you go throwing the baby out with the bath water, Goldman Sachs is a very important accounting firm with many large organizations and governments. I have never tried running a large accounting firm, but would expect many political implications that go with the job. In terms of these other large organizations that use the services of Goldman Sachs, having another set of eyes on just what is going on does help. But as with any power, there is good and bad implications. It is good to see the justice system polishing up the edges.

grey580
reply to post by SadistNocturne

 

GS at it again.
Not surprising.

My prediction here is that they will go to court and pay a fine.

Make billions and pay a fine in the millions.

Good business strategy IMO.

Oh they ABSOLUTELY will get a slap on the wrist, have to formally apologize, and pay a relatively paltry monetary fine.

It disgusted me to no end when I was working on a project with HSBC bank out of Hong Kong as a "vendor", 7am conference calls to accommodate those jerks...knowing full well they themselves had just been indited for money laundering for any drug cartel who would pay their fees. Made me sick.

kwakakev
Before you go throwing the baby out with the bath water, Goldman Sachs is a very important accounting firm with many large organizations and governments. I have never tried running a large accounting firm, but would expect many political implications that go with the job. In terms of these other large organizations that use the services of Goldman Sachs, having another set of eyes on just what is going on does help. But as with any power, there is good and bad implications. It is good to see the justice system polishing up the edges.

I *absolutely* see the point your making. But I have two points to make in return.

A) Corporations have either been granted the same rights as individuals or are actively petitioning to be treated as such (I cannot remember which)

B) If you or I did the same thing or the equivalent, our asses would be strung up so high the sun would be in our rectums.

No, I cannot overlook this because "they do some good at the same time they do some bad". Fair is fair. There are RULES in this world, and nobody is above them. NOBODY, person or Corporate entity.

Never underestimate the deleterious effect the repeal of the Glass-Steagall Act had upon our banking and financial systems.

I don’t want to make this a political rant, but I am usually a smaller government/free market conservative. But in 1999 the GOP Congress and a Democrat president, for reasons that have never been clear to me, struck down this act that had been in effect for more than 60 years.

People of my philosophical ilk generally blame the CRA for the mortgage meltdown. But IMesHO, the trouble really started with the repeal of Glass-Steagall.

Glass-Steagall Act

reply to post by SadistNocturne


The legal definition of an entity has undergone some struggle. At it's core I see it as something that has certain rights and responsibilities. To say a corporate entity is the same as an individual entity grossly over simplifies matters, it is like saying a human entity is the same as a dog entity.

In terms of what entities does get priority in sifting through some of these bigger issues, how would the world fair if the top 500 individual suddenly dropped dead or the top 500 companies?