Wanted Solvent or Insolvent

The Wall Street Journal is amused that, being unable to ignore the report from whistle-blower Carmen Segarra and the reports based on her tapes from the radio program This American Life , journalists have just discovered regulatory capture: The financial scandal du jour involves leaked audio recordings that purport to show that regulators at the Federal Reserve Bank of New York were soft on Goldman Sachs . Say it ain't so.



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