To: The United States House of Representatives and The United States Senate
Congress: Stand with Elizabeth Warren and investigate the New York Fed
Recently-released tapes show that examiners at the New York Federal Reserve--whose job is to regulate Wall Street banks--were overly-deferential and fearful of the financial giants they were in charge of keeping in line.
Senator Elizabeth Warren called out the "disturbing issues” raised by these tapes, and said "it's our job to make sure our financial regulators are doing their jobs." Warren is pushing for Congressional hearings into the tapes, and we're standing with her to urge Congress to take action.
Senator Elizabeth Warren called out the "disturbing issues” raised by these tapes, and said "it's our job to make sure our financial regulators are doing their jobs." Warren is pushing for Congressional hearings into the tapes, and we're standing with her to urge Congress to take action.
Why is this important?
I work as an Investigative Analyst in the Major Economic Crimes Bureau of the New York County District Attorney’s Office. I focus on large white-collar crime cases, and hope to work in this field full-time after I graduate from law school.
The recently-released recordings from New York Fed bank examiner Carmen Segarra are very troubling to me, and show an unsettling level of deference to banks by the investigators who are supposed to be regulating them. This is the same kind of behavior that we saw during the financial crisis, and we thought that things had changed since then. We need to make sure we are pushing for stronger oversight of the banks instead of letting Wall Street do what it pleases.
Senator Elizabeth Warren has called for Congressional hearings into the culture at the New York Federal Reserve, and we're standing with her to urge Congress to take action. Add your name to join Senator Warren's push for an investigation.
The recently-released recordings from New York Fed bank examiner Carmen Segarra are very troubling to me, and show an unsettling level of deference to banks by the investigators who are supposed to be regulating them. This is the same kind of behavior that we saw during the financial crisis, and we thought that things had changed since then. We need to make sure we are pushing for stronger oversight of the banks instead of letting Wall Street do what it pleases.
Senator Elizabeth Warren has called for Congressional hearings into the culture at the New York Federal Reserve, and we're standing with her to urge Congress to take action. Add your name to join Senator Warren's push for an investigation.