Noncompliant

Noncompliant
Author :
Publisher : Bold Type Books
Total Pages : 361
Release :
ISBN-10 : 9781568588513
ISBN-13 : 1568588518
Rating : 4/5 (518 Downloads)

Book Synopsis Noncompliant by : Carmen Segarra

Download or read book Noncompliant written by Carmen Segarra and published by Bold Type Books. This book was released on 2018-10-16 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: A first-hand account of the oversight of the big banks in the wake of the financial crisis, from the Federal Reserve examiner who refused to be silenced 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.


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