In the wake of secret tape recordings between an accommodating New York Federal Reserve regulator and a stern Goldman Sachs Group Inc (NYSE:GS), two members of the U.S. Senate are calling for an investigation into the New York Federal Reserve. But is the most troubling issue being overlooked?
Significance of the Goldman Sachs / Fed / Segarra Tapes
Although certain media voices downplayed the significance of the tapes, saying in recent interviews they knew such regulatory capture existed, reform advocates note a key point that has yet to be revealed and is oddly being downplayed in subsequent reporting and in statements from political leaders.
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