Wall Street’s Corruption Runs Deeper Than You Can Fathom

Once upon a time there was a Federal Reserve whistleblower and lawyer named Carmen Segarra. She wrote a very important book about her experience titled “Noncompliant: A Lone Whistleblower Exposes the Giants of Wall Street”…

O Society

Robert Scheer interviews Carmen Segarra Dec 7, 2018

Of the myriad policy decisions that have brought us to our current precipice, from the signing of the North Atlantic Free Trade Agreement (NAFTA) to the invasion of Iraq and the gerrymandering of House districts across the country, few have proven as consequential as the demise of Glass-Steagall. Signed into law as the U.S.A. Banking Act of 1933, the legislation had been crucial to safeguarding the financial industry in the wake of the Great Depression. But with its repeal in 1999, the barriers separating commercial and investment banking collapsed, creating the preconditions for an economic crisis from whose shadow we have yet to emerge.

Carmen Segarra might have predicted as much. As an employee at the Federal Reserve in 2011, three years after the dissolution of Lehman Brothers, she witnessed the results of this deregulation firsthand. In her new book, “

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