Friday, October 11, 2013

Let bygones be bygones...or else

Hard to believe big banksters feel immune from little the law and ethics. Those are for other legal entities that are defined as people, namely the one's that are actually people.
In a March 2012 meeting, a group of examiners at the Federal Reserve Bank of New York agreed that Goldman Sachs had inadequate procedures to guard against conflicts of interest — guidelines aimed at stopping firms from putting their pursuit of profit ahead of their clients’ best interests. The examiners voted to downgrade a confidential rating assigned by the New York Fed that could have spurred costly enforcement actions and other regulatory penalties. It is not known whether the vote materialized in a rating change. The former examiner who pushed for a downgrade, Carmen Segarra, now contends in a lawsuit filed Thursday that just weeks after the vote, her superiors asked her to change her findings on Goldman and fired her after she refused.
One cannot take a few million out of Lloyd Blankfeld's bonus package, it's so unfair, unfairness is for everybody else.

[cross-posted at Firedoglake]


Montag said...

Yup, Lloyd Blankfein is certainly doing God's work... if God is an extortionist.

pansypoo said...

we should nuke goldman sux.