http://en.wikipedia.org/wiki/Federal_Reserve_System#cite_note-91
Although Goldman fired the employee and issued a statement to the NYT saying that it was "reviewing our policies regarding any hiring from governmental institutions to ensure that they are appropriately effective and robust." This had been part of Goldman's image overhaul, which included seeking out former regulators for hire. Defenders of Wall Street will likely claim this was appropriately handled, while others ask themselves if the New York Fed, which is supposed to be the public's eyes and ears on Wall Street, can truly maintain its independence from the banks it is supposedly regulating.
Although Goldman fired the employee and issued a statement to the NYT saying that it was "reviewing our policies regarding any hiring from governmental institutions to ensure that they are appropriately effective and robust." This had been part of Goldman's image overhaul, which included seeking out former regulators for hire. Defenders of Wall Street will likely claim this was appropriately handled, while others ask themselves if the New York Fed, which is supposed to be the public's eyes and ears on Wall Street, can truly maintain its independence from the banks it is supposedly regulating.
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