| The emergence of a previously unreported leak leak at Goldman Sachs comes as questions mount about a perceived coziness between the New York Fed and Wall Street banks -- Goldman in particular. "The bank also fired one of his supervisors, saying he should have caught the leak. The New York Fed then fired the employee it suspected of sharing the information.The story behind the firings brings to life some of the worst fears about the revolving door.The job hopping has long fostered a culture of coziness that generated a public perception that regulators and bankers form unholy alliances"..."The leak strikes at the heart of questions about the ability of the New York Fed -- the public's eyes and ears on Wall Street -- to maintain its independence from the banks it regulates"..."Goldman, perhaps more than any other Wall Street bank, appears to be entwined with the New York Fed. ... |
Read the rest of the story HERE:
At dealbook.nytimes.com
At dealbook.nytimes.com
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