re: Goldman tapes show culture of corruption, crony capitalism

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Wow! Huff Post really nailed Goldman Sachs with that expose'!

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yeah

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For instance: ProPublica reporter Jake Bernstein describes a meeting where a senior Goldman compliance executive "mentioned that Goldman's view was that once clients were wealthy enough, certain consumer laws didn't apply to them."

That sounds cavalier, and Segarra was "shocked" to hear it.

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how did a regulator not know what an accredited investor is?

how does huffpo explain this simple issue and defend the apparently mentally incompetent "whistle blower"?

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Both the New York Fed and Goldman are familiar with accredited investor rules (or they certainly should be, at any rate). It should have been easy to clarify if this was in fact what the executive was talking about, but we can’t know for certain if the explanation is this benign, because the Fed never asked.

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oh yeah, and

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So if there was the possibility of an innocent explanation like this, why were Segarra's colleagues so loath to ask questions about what that executive said?

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i don't think they were "so loathe" to ask the questions. they didn't want to get called the r-word for asking a stupid question

which they mold into this:

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If the Fed is too afraid to ask Goldman Sachs questions when the bank could well be in the right, how can it be expected to ask questions when the answer might point to even a hint of wrongdoing?

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liberals will eat that line up and spout the arguments of this article without having any clue of what the story is about

...just like Segarra