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”…
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 theto the invasion of Iraq and the of House districts across the country, few have proven as consequential as the demise of . 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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