FED EYES GOLDMAN NYT’s Ben Protess and Jess
Post# of 5789
Posted On: 07/26/2016 1:24:57 PM
FED EYES GOLDMAN
NYT’s Ben Protess and Jessica Silver-Greenberg: “Two years ago, the Federal Reserve faced a predicament: One of its New York employees had leaked confidential government information to a banker at Goldman Sachs. Both men ultimately pleaded guilty to stealing government property. Goldman, for its part, paid a $50 million penalty to New York State regulators because its ‘management failed to effectively supervise’ the banker.
“At that point, the case seemed to be closed, which was just as well for Goldman and the Fed — institutions dogged by the public perception that they are a little too cozy. But the Fed is now preparing an enforcement action of its own against Goldman … and the bank is expected to pay a financial penalty in that case as well. The Fed is also considering an action against a third man, a former Goldman executive who worked alongside the more junior banker who received the leaked material”
http://nyti.ms/2apEguR
NYT’s Ben Protess and Jessica Silver-Greenberg: “Two years ago, the Federal Reserve faced a predicament: One of its New York employees had leaked confidential government information to a banker at Goldman Sachs. Both men ultimately pleaded guilty to stealing government property. Goldman, for its part, paid a $50 million penalty to New York State regulators because its ‘management failed to effectively supervise’ the banker.
“At that point, the case seemed to be closed, which was just as well for Goldman and the Fed — institutions dogged by the public perception that they are a little too cozy. But the Fed is now preparing an enforcement action of its own against Goldman … and the bank is expected to pay a financial penalty in that case as well. The Fed is also considering an action against a third man, a former Goldman executive who worked alongside the more junior banker who received the leaked material”
http://nyti.ms/2apEguR
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