Secret tapes of Fed meetings on Goldman prompt call for U.S. hearings

Elizabeth Warren, a Democrat on the Senate Banking Committee, on Friday called for hearings after portions of the recordings from 2011 and 2012 were made public. Fellow Democrat Sherrod Brown, also a committee member, called for a "full and thorough investigation" into the allegations they raised. Carmen Segarra, a former New York Fed bank examiner who brought a wrongful termination lawsuit against her former employer, recorded the conversations and provided them to the investigative news outlet ProPublica and the public radio show "This American Life" to illustrate what she saw as an inappropriately close relationship between regulator and bank. "Congress must hold oversight hearings on the disturbing issues raised by today's whistleblower report when it returns in November."

via Business News http://ift.tt/1qDNlw7