A senior legal investigator was fired by the FED for standing up to Goldman Sachs and her bosses at the FED. She got fired for doing her job.
What happened? She highlighted the corruption in the FED and Goldman Sachs which was protecting bosses and their cash at the expense of Goldman Sachs clients and the public (who pay for the FED). In fact, the evidence had been compiled four years earlier when a commissioned report stated that the Fed encourages its employees to keep their heads down, to obey their managers and to appease the banks. But that had been ignored by the FED. Financial failure was caused by cultural failure.
Officially, she was fired because she transgressed internal confidentiality rules.
Don’t we all have a higher authority to do the right thing and stand up to bullies? If not, big government and big business have little incentive to be honest.
Whistle-blowing seems to be working. The news is in the public domain now, and that’s good. But there will be obfuscation, cover-up and hushing-up, as usual. We will forget. But if we don’t and if we change what we do with our investments, votes and voices improvements will come sooner.
Bloomberg: The Secret Goldman Sachs Tapes
ProPublica: NY Fed Fired Examiner Who Took on Goldman
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