Episode details
Available for over a year
A former employee at the New York Federal Reserve releases secret recordings of her colleagues as they go about their daily business, raising questions about the methods being used by the NY Fed to regulate the banks. We hear extracts from those tapes and from the former employee herself Carmen Segarra. And we hear from the award-winning investigative journalist Jake Bernstein who broke the story on the Chicago radio show WBEZ This American Life. Marcus Stanley, policy director at Americans for Financial Reform, tells us why the NY Fed tapes make him nervous about the way the banking sector is being scrutinised. And our regular commentator James Srodes considers life after the telephone landline.
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