A Quick Look At Goldman's Takeover Of The US Judicial System: NY Fed Edition

Tyler Durden's picture

Moments ago, in the aftermath of the latest scandal involving Goldman's Rohit Bansal getting material information from a NY Fed employee, finally admitted that the original Carmen Segarra "whistleblower" allegations, namely that there was a material weakness (as in it is non-existent) when it comes to the NY Fed's supervision of TBTF banks, by which we mean Goldman Sachs here, were founded and valid when at 4pm on the dot the NY Fed released this:

The Federal Reserve Board on Thursday announced two separate reviews that are underway at the Federal Reserve System to ensure that the examinations of large banking organizations are consistent, sound, and supported by all relevant information.

At the request of the Board, its Inspector General is examining two aspects of the Federal Reserve System's examination program for large banking organizations:

  • Whether there are adequate methods for decision-makers at the relevant Reserve Banks and at the Board to obtain all necessary information to make supervisory assessments and determinations;
  • And whether channels exist for decision-makers to be aware of divergent views among an examination team regarding material issues.

Additionally, the Board is conducting its own review of the supervision of the largest, most systemically important financial institutions in the United States. This review will focus on:

  • Whether the decision-makers at the Board receive the information needed to ensure consistent and sound supervisory decisions regarding the supervision of the largest, most complex banking organizations;
  • And whether adequate methods are in place for those decision-makers to be aware of material matters that required reconciliation of divergent views related to supervision of those firms.

Attachment (PDF)

Which is great news for Carmen Segarra, and we are very happy to see that over a year after her original allegations of Goldman takeover at the most important central bank branch, they have been proven right and the Inspector General wil have to take a few million in bribes from Goldman to find there is absolutely nothing wrong at the New York Federal Reserve Bank of Goldman Sachs.

Still, we have to point out a small but shocking footnote.

Recall what happened this spring when Segarra's whistleblower suit was still warm in the corridors of the US "justice" system:

U.S. District Judge Ronnie Abrams in Manhattan ruled that the failure by the former examiner, Carmen Segarra, to connect her disclosure of Goldman's alleged violations to her May 2012 firing was "fatal" to her whistleblower lawsuit. Abrams also said Segarra could not file an amended lawsuit.

 

"Congress sought to protect employees of banking agencies ... who adequately allege that they have suffered retaliation for providing information regarding a possible violation of a 'law or regulation,'" the judge wrote. "Plaintiff has not done so." Segarra's findings that Goldman's conflict-of-interest practices may have violated merely an "advisory letter" that did not carry the force of law did not entitle her to whistleblower protection under the Federal Deposit Insurance Act, Abrams said.

And then this shocker: the judge on the case was conflicted, and had a close relationship to Goldman which was represented by her husband also a lawyer, clearly was "irrelevant":

In her ruling on Wednesday, Abrams also rejected a move by Stengle for greater disclosure by the judge about her husband's relationship with Goldman Sachs. Abrams disclosed on April 3 that she had just learned that her husband, Greg Andres, a partner at Davis Polk & Wardwell, was representing Goldman in an advisory capacity.

 

Stengle said at the time she would not seek Abrams' recusal, the judge said, and went ahead the next day with scheduled oral arguments on the defendants' bid to dismiss the case.

 

But on April 11, Stengle made a written request for a "more complete disclosure" of Andres' relationship with Goldman, and Abrams' own working relationship with another defense lawyer.

 

Abrams said that was too late, given that Segarra by then would have had a chance to "sample the temper of the court" and perhaps anticipate she would lose unless Abrams recused herself. "The timing of plaintiff's requests suggests that she is engaging in precisely the type of 'judge-shopping' the 2nd Circuit has cautioned against," Abrams wrote, referring to the federal appeals court in New York. "Such an attempt to engage in judicial game-playing strikes at the core of our legal system."

A legal system which precluded the plaintiff's right to a fair ruling, one which the NY Fed just did on her behalf, because clearly the "judge" on the case was a person who was conflicted in her bias and her allegiance to a firm that was paying her husband's bills.

Who is Judge Ronnie Abrams:

In 2008, Abrams returned to Davis Polk as Special Counsel for Pro Bono. She had previously worked at the firm from 1994 to 1998. While at Davis Polk, Ms. Abrams served as Counsel to the New York State Justice Task Force, a task force created by New York State Chief Judge Jonathan Lippman to examine the causes of wrongful convictions and make recommendations for changes to safeguard against such convictions in the future.

Clearly the last thing she wanted is for someone to "wrongfully convict" the Ny Fed. And just whom do we have to thank for Judge Ronnie Abrams?

Senator Kirsten Gillibrand recommended Abrams to fill a judicial vacancy on the United States District Court for the Southern District of New York. On July 28, 2011, President Barack Obama formally nominated Abrams to the Southern District of New York. She replaced Judge Lewis A. Kaplan who took senior status in 2011. The Senate Judiciary Committee held a hearing on her nomination on October 4, 2011 and reported her nomination to the floor on November 3, 2011.

Who are Kristen Gillibrand's biggest campaign donors?

So Davis Polk (where Abrams worked) at #2, and Goldman (which certainly wanted to avoid discovery in the Segarra lawsuit) at #4?

One really just can't make this up. Perhaps the Fed inspector general, when he is done "fixing" the corruption at the NY Fed will be so kind to take a look at the Goldman takeover of the US judicial system next.

One also has to either laugh or weep when reading this, because the above once again confirms what we said a year ago when we said that "the judicial branch is also under the control of the two abovementioned entities", namely the NY Fed and Goldman.

And the saddest thing: it cost the banks (and their lawyer lackeys) under a million to buy America's judicial system off: American justice is not only for sale, it goes at firesale prices!

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himaroid's picture

Hmmmmm.....do I die in my tub, or keep my cushy ass in my cushy ass job?

InjectTheVenom's picture

>>>>  USSA Banana Republic

>>>>  USA Constitutional Republic

Stackers's picture

Cost of one NY district court judge seat ? ...... $342,750

 

I wonder what Boies, Schiller & Flexner bought for $435,000 ?

imaginalis's picture

Her face looks uncomfortable in that photograph, like the face of a guilty person knowingly doing wrong.

Beam Me Up Scotty's picture

If she doesn't die in her tub, someone else probably will as a reminder to everyone else not to step out of line.  A suicide or two with multiple gunshot wounds to the back of the head convinces alot of people to shut up and do their job.

847328_3527's picture

The Farce begin when they converted GS into a ‘Bank.”

 

Laughable … if it were not so tragic for the average [non-Banker] American.

InjectTheVenom's picture

>>>>  that judge is hot , i'd hit that all day long !

>>>>  i'd rather wack-off with a cheese grater !

TeamDepends's picture

Does the cheese grater look like Hillary?

ebworthen's picture

Inside Job.

U.S.A. = Ponzi.

villainvomit's picture

Exactly....she knows she is a corrupt bitch.  But at the same time, I am seeing some "I am glad that those evil semi auto rifles and pistols are banned in NY, because if I were in some backwoods state like TX I might get my mansion shot to holy hell."

 

 

Squid Viscous's picture

wait, were there any Jews involved? ... 

"FLEXNER" ...lol, you can't make these names up !

and Ronnie Abrams, looks like some kind of beady-eyed rodent-juden the cat dragged in

hopefully we will wake up and exterminate her kind

Divided States of America's picture

The Jew York fed owned by Goldman Sachs?? What preposterous theory is that?

Also, there is no judiciary system, just a Jewdiciary system for the bankers to run amok.

PT's picture

From Mad Magazine approx 30 - 40 years (or more.  It may have been an old Magazine when I read it) ago (from memory, so it may not be exact, eg that 500 may be 50.  I think I mentally adjusted it for inflation back when I first read it):

Taffy was a business man
Taffy was connected
Taffy spent 500 grand to get his man elected
Taffy's now Ambassador
Who struts around in pride
Why don't you spend 500 grand to get your man inside?

Fuku Ben's picture

Isn't it ?

uSA Constitutional Republic

junction's picture

The New York State Judiciary is a cesspool of corruption.  Abrams was given a bogus assignment there to polish her CV when she was preparing for her fixed appointment to be a federal district judge.  For an example of how the system works, look at the career of state Criminal Court Judge Barry Kamins.  With just 6 years on the bench, he was due to have a supewrvisory position over the entire NYS court system when his rabbi, Brooklyn DA Charles Hynes, lost his re-election bid and immunity from prosecution for sundry crimes. 

From the NY Daily News: An explosive report released three months ago showed that the respected jurist and long-time friend of the ex-prosecutor dispensed near-daily advice about the ultimately failed reelection campaign last fall and other topics, including pending cases and a wrongful convictions controversy.

As the campaign planning started in July 2012, Hynes wrote to Kamins, “With a high degree of secrecy I will turn to you frequently for judgment calls." And when they discussed the judge swearing in the DA again, Kamins called exclaimed, “My fondest wish!” according to the emails.

“I have decided to leave the bench and am considering several options in the private sector,” Kamins said in a statement. “Working for the people of the City and State has been a distinct honor and privilege.”

A successful lawyer, Kamins, 71, became a judge in 2008 and was appointed administrative judge to Brooklyn’s Criminal Courts a year later. He rose further up the ranks at the start of 2014, getting a statewide title as chief of Policy and Planning for the courts system.

But it all came crumbling down with the incriminating emails.

He took a month off when the scandal broke in June and was later demoted to serve as a Queens Civil Judge, still collecting a $174,000-a-year salary.  He could have stayed on the bench for five more years before retiring, but will now resign on Dec. 1.

His stipulation to leave office came after the commission interviewed him and other witnesses and reviewed documents, officials said.

The feds and the state’s attorney general are believed to be still probing alleged misuse of forfeiture money by the Hynes administration and each have reportedly empaneled a grand jury to look into those allegations.

Squid Viscous's picture

Wheel of Fortune:

"I'd like to answer the puzzle!!!  - it spells out "Jewish Nepotism" ?

- - no that's not an acceptable answer, very sorry...

next spin!

TheReplacement's picture

I think it began exactly as that but does not involve all Jews nor is everyone involved Jewish, unless people like Obama have changed there stripes.

You people really need to focus on the real problems here.  We have 1. criminals committing crimes.  We have 2. a justice system that is not working, thereby, letting said criiminals get away with their crimes.

Now you can go and gas all the Jews all day long and then celebrate the evening still under the yoke of a tyrant or you can put down the utterly ineffective propaganda (yeah all your talky talk isn't getting shit down son - you are failing) and start hanging criminals.

Do you intend for them to win?  Are you one of them?  I would be highly surprised if less than half the supposed Jew haters on this site aren't actually in the family/party committing these crimes and posting here to mislead and distract.  All the while they get away with it while the childminded are beguiled by some grandiose Hitlerian notion. 

Do you continue with the bullshit or are you gonna get out of mom's basement and do something useful?  I'll bet you do nothing but sit on your ass screaming about Jews while the criminals (Jewsish and otherwise) keep on committing crimes against us all. 

Yeah, bullshit.

TheReplacement's picture

Sorry squido for the rant but I'm just tired of my side losing because of this psuedo cult of blaming Jews for everything.  It is absolutely unAmerican, moronic, and disgusting.  That's not to mention that it is easily disprovable and so discredited.  So, how can anyone trust you or any other cultist when you make a false argument against a strawman.  It would almost seem like an intentional attempt to destroy the only domestic opposition left to these criminals.

My proof.

Daniel Pearl was Jewish.  Al-CIA-duh cut his head off in Pakistan.  Obviously the Jewish Pearl was not in on the plan.  Therefore, not all Jews are in on the plan and so blaming Jews is incorrect. 

Many of the people perpetrating treasonous acts against the USofA are Jewish.  Just like any other race/religion/culture they have a criminal element.  In fact, they seem to have a very highly successful criminal element.  We all know that criminals tend to work with people they are familiar with, like minded, family, same race/religion/culture and so on.  Of course when you find an Italian Catholic criminal most of his associates are likewise.  Same for Asian gangs, Mexican Cartels, Russian Mafia...

The point is that all those people just mentioned skate and a lot of decent people are tarred when someone blames the Jews.  Yes you can argue it means this or that but it is a word well known to virtually everyeone in the western world to conjure visions of gas chambers when used in this context. 

Words matter.  Liberals are anything but liberals so don't call them liberals.  Call them what they are, illiberal tyrants and petty dictators.  This cabal destroying our nation is multi-religious, multi-ethnic, and multi-cultural.  The only commonality for all of them is they are criminals (not all are US citizens so not even traitors applies to all).

Our language is about the only thing they cannot excercise any control of, for now.  Let us use it wisely and with purpose. 

Hang the criminals.  Hang them all.

Divided States of America's picture

Hey Bro, we get you....its not like we hate ALL the Jews...there are good ones out there like you and kito who dont want to be associated with the bad jews out there. I know some Jewish people in my neighborhood whom I would love to hang out with....but have you tried talking some sense into your 'fellow' Jews who are the rot of the system??? Maybe telling them to stop pillaging others when they already have everything they want? Maybe try doing that and see if they care about you.

TheReplacement's picture

I am not Jewish.  I would be better off talking to people like Cheney, Clinton, or Cameron.  They can't hear me.  Even if they could they would not listen so it matters not.

You are listening.  I appreciate that so I talk to you.  We need to get our house in order or the three (four) Cs above walk while decent people we all know reap the whirlwind. 

I won't be anyone's stormtrooper.  I thnk for myself.  Myself says that Cheney, Clinton, and Cameron are just as much part of the problem as Dimon, Soros, and the flavor of the decade at the Fed.  If anyone comes to me and says they have saved me by taking out one or the other groups I will happily shoot them in the face for lying to me and being a tool of the other group.

Do you understand what I'm implying here?

 

Seek_Truth's picture

I totally understand. Gotcha.

TheReplacement's picture

First sentence, there, their.  What a 'tard.

TheReplacement's picture

Typical lefties bribing a judge with less than a mill just because she's a woman. 

NotApplicable's picture

Ask any banker, you just can't beat that kind of ROI!

Seek_Truth's picture

"Because the sentence against an evil deed is not executed quickly, therefore the hearts of the sons of men among them are given fully to do evil." - Ecclesiates 8:11

Griffin's picture

A banker was convicted for market manipulation in Iceland yesterday.

http://www.bbc.com/news/business-30121591

http://www.telegraph.co.uk/finance/bank-of-england/11241788/Jail-threat-...

All those guys will be held to account, sooner or later.

 

SickDollar's picture

but it did cost her career and maybe her life down the road

off topic , check this out , good details about shill programs :http://www.thetruthseeker.co.uk/?p=64853

 

TeamDepends's picture

Boys, we're going to need more rope.

metastar's picture

"Criminal Justice System" - A Justice system run by criminals.

Skateboarder's picture

A "Just Us" system run by criminals. There is no justice. If there was, someone bought it and put a "just us" sticker on it.

Otto Zitte's picture

I don't hate jews any more than I do anyone else who is attempting to murder me by any means possible. 

Squid Viscous's picture

one word to ponder, Otto: proportionality (here's a hint - re: global population)

JustObserving's picture

Should be more accurately called the US Injustice System.  Anyway, who expects justice in a fascist, police state except the severely deluded?

Infinite spying by NSA for decades has compromised every institution in the land of the free.

Bollixed's picture

Infinite spying by NSA for decades has failed to see a pattern of corruption in the banking sector. Only proves they need a bigger budget...

/s for those that need it

limacon's picture

Don't worry too much . 

These people missed 2/3 of the wealth of the planet in their petty politics .

They are not about to get more competent .

You are about 3 times richer than you think .

See

https://www.academia.edu/9405720/The_Economics_of_Disrespect_Update_I

or

http://andreswhy.blogspot.com/2014/11/the-economics-of-disrespect-update...

Seek_Truth's picture

Spam

buzzsaw99's picture

Corning Inc.?

THOSE BASTARDS!

Government needs you to pay taxes's picture

What a complete corruption Goldman Fucking Sachs represents.  Dont forget to give a gentle love-tap to the next Goldman employee you see, and tell 'em "That's what you get when you corrupt my government and steal my money"

Stumpy4516's picture

It is not about Goldman Sachs, that is a diversion from the real issue.

The problem is the j-mafia that has ownership of the Fed, Goldman, the media and now our judicial system,  This judge is a member of the j-mafia as are many other important judges and they will all rule as the tribe wishes.  The Fed, Treasury, IRS are all run by the j-mafia.  They can cover themselves from counter action by owning the judicial and ruling against any who press legal actions that are counter to the j-mafia agenda.

This and other judges may not have a seat at the head table but know they are confirmed and trusted members and as such they and their children will be granted pathway to wealth and security.

kchrisc's picture

Blow the whistle on the Zionist banksters to their Zionist overseers, cronies, and partners.

An American, not US subject.

 

Bankster's Conundrum: "One can blow the Zionists or blow the whistle."

Squid Viscous's picture

exactly, Lois Lerner licking the cream cheese out of her bagels in bed with her lizard tongue ...and collecting her checks...

 

bitch should have been hung or gassed months ago... BANANA REPUBLIC exhibit # 1345

kchrisc's picture

We should also follow her strings to reveal the criminals behind the criminal puppet.

An American,  not US subject.

 

"See the strings."

Kaiser Sousa's picture

they aint gonna do a mother fucking thang...

listen up - Until most of ya'll out there witdhraw from their debt and death based currency regime u can forget about a god damn thing changin....

the power to end this shit is within the grasp of every one of us..

BUY PHYSICAL SILVER and watch their house of fucking cards fall...

GOD DAMMIT!

Seasmoke's picture

How fucking much do I have to buy....I'm already well over Thousand ounces ....that is thousand with a T !!!!!

Kaiser Sousa's picture

if uve done what u can do then dont trip...

it will take many more doing the same....

keep the fucking faith.

Bay of Pigs's picture

Tyler is swinging for the fence today...

Bell's 2 hearted's picture

solid triple here ... but still doesn't top the lead investigator for SEC  into Madoff (well before ponzi collapse)... ended up marrying Madoff's niece

 

and no one batted an eye

hangemhigh77's picture

That's because she was blowing them too

hangemhigh77's picture

Suicides all around