Why Banks Don't Worry About the Fed

Inside the New York Fed: Secret Recordings and a Culture Clash -- ProPublica, Sep. 26, 2014, 5 a.m.

A confidential report and a fired examiner’s hidden recorder penetrate the cloistered world of Wall Street’s top regulator—and its history of deference to banks.

by Jake Bernstein 

This American Life audio version can be heard here. 

It is essential reading / listening for every one who is affected by the boom and bust cycles, both of which tend to make the 99% poorer and the 1% richer, that the U.S. calls an economy.




As are the members of the Federal regulation investigators who do the job they are hired and paid to do -- when they do it they get fired.  Like Carmen Segarra.