this post was submitted on 04 Dec 2023
28 points (96.7% liked)

The PPShow

588 readers
1 users here now

New home for the PPshow

founded 1 year ago
MODERATORS
Hey_ross
28
The Secret Recordings of Carmen Segarra || An unprecedented look inside one of the most powerful, secretive institutions in the country. The NY Federal Reserve is supposed to monitor big banks. But... (www.thisamericanlife.org)
submitted 11 months ago by [email protected] to c/theppshow
2 comments fedilink hide all child comments
 

This is really good and gives some major insight into the lax attitude around our financial institutions.

you are viewing a single comment's thread
view the rest of the comments
[–] vinan 3 points 11 months ago

Thanks for the great share, IMO Carmen Segarra is not aware the FED is a privately owned entity, who do not have a regulatory authority rather a supervisory obligations over the other privately owned bank.