Secretly recorded private conversations inside the New York Federal Reserve and Goldman Sachs Group Inc (NYSE:GS) are now surfacing that author Michael Lewis is calling the “Ray Rice Video” of the financial world. While the content of the tapes is explosive and deserving of media treatment that was so ferocious it ushered Rice out of a job in the NFL this season, that won’t happen for one simple reason: the general media’s lack of willingness to confront big bank control. Goldman Sachs control over government regulators What the audio recordings document for the first time is the utter control large banks such…
Secret Tapes Reveal Goldman's Control Over Regulators
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.