Diane Alden Authored by Pam Martens and Russ Martens via Wall Street on Parade blog, What the New York Fed attempted to pull off this past Monday with its full-day conference for the execs of wayward Wall Street banks was a public relations stunt to switch the national debate from its culture to Wall Street’s culture. Styled as a “Workshop on Reforming Culture and Behavior in the Financial Services Industry,” the event came less than a month after ProPublica and public radio’s “This American Life” released internal tape recordings made by a former New York Fed bank examiner, Carmen Segarra, revealing a regulator with no bark or bite. ProPublica’s Jake Bernstein wrote that the tapes and a confidential report by an outside consultant demonstrated the New York Fed’s “history of deference to banks.” zerohedge/news/2014-10-25/new-york-feds-conference-evokes-violent-thoughts-against-wall-street
Posted on: Sat, 25 Oct 2014 17:26:21 +0000
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