Democratic Sen. Elizabeth Warren is calling for a congressional hearing to determine if corruption permeates the Federal Reserve Bank of New York.
She called for the investigation shortly after the weekly public radio broadcast “This American Life” ran a program based on information from Carmen Segarra, a former New York Fed bank examiner, who noted that her ex-bosses weren’t willing to stand by her claims that the business didn’t have any conflict-of-interest policies, United Press International reported.
“Congress must hold oversight hearings on the disturbing issues raised by today’s whistleblower report when it returns in November because it’s our job to make sure our financial regulators are doing their jobs,” she said in a statement, UPI reported.
Her colleague, Democratic Sen. Sherrod Brown, has joined in her call.
“These allegations deserve a full and thorough investigation, and American taxpayers deserve regulators who will fight each day on their behalf,” Mr. Brown said in a statement reported by UPI.
Ms. Segarra was fired from her bank examiner position after bringing her concerns to light. She also alleged the Fed has been taken captive by Goldman Sachs’ interests, UPI reported. The Fed, meanwhile, said Ms. Sagerra wasn’t fired for her allegations, but rather for poor work performance.
• Cheryl K. Chumley can be reached at cchumley@washingtontimes.com.
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