A Lone Whistleblower Exposes the Giants of Wall Street

Book - 2018
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"In 2011, Carmen Segarra took a job as at the Federal Reserve Bank of New York supervising for Goldman Sachs. It was an opportunity, she believed, to monitor the big bank's behavior in order to avoid another financial crisis. Segarra was shocked to discover, however, the full extent of the relationship between Goldman and the Fed. She began making secret recordings that later became the basis of a This American Life episode that exposed the Fed's ineffectiveness in holding banks accountable. In Noncompliant, Segarra chronicles her experience blowing open the doors on the relationship between the big banks and the government bodies set up to regulate them. As we mark the tenth anniversary of the 2008 financial crisis, Noncompliant shows us how little has changed, and offers an urgent call for real reforms."
Publisher: New York : Nation Books, [2018]
Edition: First edition.
Copyright Date: ©2018
ISBN: 9781568588452
Branch Call Number: 332.11 SEGARRA
Characteristics: viii, 341 pages ; 25 cm


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Dec 15, 2018

This is an extremely tedious, boring and trivial book - - so be forewarned to have plenty of coffee or some other stimulant available: quite sleep-inducing.
If you know anything about the Federal Reserve, you'll learn nothing new from this book.
If you know anything about finance, you'll learn nothing new from this book.
If you know anything about the global economic meltdown, you'll learn nothing new from this book.
[To fill in what the author doesn't explain - - or isn't aware of: the Fed was a Paul Warburg creation, acting on the direction/advice of Rockefeller, J.P. Morgan and Aldrich - - end of story.]
Evidently this Harvard grad actually believes that the gov't has some sort of mythical oversight responsibility, instead of their standard behavior as servants to Wall Street?
Go figure . . .
If the reader is wondering why there are so many Koreans at the NYFRB, read p. 317 -- 318 of Bruce Cumings' book, Korea's Place in the Sun.
If the reader is surprised at the number of corrupt, unethical and amoral females in the business world, then welcome to reality!
Ms. Segarra is evidently one of the handful of Harvard grads who didn't start out as a career criminal - - she must have missed Harvard's orientation week?
[Sidebar: I slog through all these books, academic and financial papers and GAO studies in hopes of finding that one nugget of data which opens reams of valuable information or insight - - nothing of any value here - - the Fed is a crock and prop for the global banking cartel - - ho, hom.]
When the reader has finished the epilogue they will wonder: "Why did I bother with this clueless author?"


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