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Fed Tapes

A confidential report and a fired examiner’s hidden recorder penetrate the cloistered world of Wall Street’s top regulator — and its history of deference to some of the country's biggest banks. More »

In a wrongful termination lawsuit, Carmen Segarra says she was fired by the Fed after she refused to change a finding Goldman Sachs had inadequate controls over conflicts of interest. More »

Readers have asked who is this woman who dared to challenge two of Wall Street’s most powerful institutions. We put some questions to Carmen Segarra to learn more about her background. More »

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  updates since last visit

New York Fed Chief Stands Firm Against Charges of Weak Oversight

Bank President William Dudley said supervision is stronger than ever, but Democratic senators were unconvinced: "You need to fix it, Mr. Dudley, or we need to get someone who will."

Federal Reserve Announces Sweeping Review of Its Big Bank Oversight

Ahead of Senate hearing on regulatory capture, the Federal Reserve Board wants to look at whether the views of examiners are being heard by higher-ups.

The Carmen Segarra Tapes

Carmen Segarra secretly recorded 46 hours of audio while embedded as a bank examiner at Goldman Sachs between November 2011 and May 2012. These are some of her recordings.

Secret Tapes Hint at Turmoil in New York Fed Team Monitoring JPMorgan

Examiners are reportedly blocked from doing their job as "London Whale" trades blow up.

Senate Hearing Set on Secret Recordings at N.Y. Fed

A banking subcommittee will explore the case of fired examiner Carmen Segarra and whether the Federal Reserve Bank of New York is too soft on institutions it supervises.

Inside the New York Fed: Secret Recordings and a Culture Clash

A confidential report and a fired examiner’s hidden recorder penetrate the cloistered world of Wall Street’s top regulator -- and its history of deference to banks.

Judge Tosses Retaliation Lawsuit by Fired N.Y. Fed Examiner

Ruling: Carmen Segarra's claim that she was dismissed for not withdrawing a critical finding about Goldman Sachs is not protected by federal law.

So Who is Carmen Segarra? A Fed Whistleblower Q&A

Ex-New York Fed examiner fired after criticizing Goldman Sachs has advice for Janet Yellen: It will take tough oversight to stop the next financial crisis.

Podcast: Lawsuit Calls Into Question NY Fed’s Bank Supervision

When former NY Fed examiner Carmen Segarra uncovered problems with Goldman Sach’s conflict of interest policy, she was fired – allegedly for doing her job. ProPublica’s Jake Bernstein and Steve Engelberg discuss the wider implications.

N.Y. Fed Moves to Seal Documents in Ex-Bank Examiner’s Suit

At issue: Whether internal emails, records related to supervision of Goldman Sachs are confidential and shouldn’t have been made public as part of Carmen Segarra’s wrongful termination case.

NY Fed Fired Examiner Who Took on Goldman

Lawyer Carmen Segarra said she was pressured to change her finding that the way Goldman Sachs managed conflicts of interest was flawed.

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