Sorry, but you have to actually listen to “This American Life” this week. Yes, even if your podcasts don’t auto-download and you have to go to the website. No, it’s not a new David Sedaris story, but it might affect the midterm elections.
Last week’s TAL was devoted to the secret recordings made by Carmen Segarra, a former examiner at the New York Fed, which she says show her bosses ordering her to go easy on the big banks.
In the wake of the episode, Sen. Elizabeth Warren (D-Massachusetts) and Sen. Sherrod Brown (D-Ohio) are calling for Congress to investigate the Fed’s relationship with the banks it regulates.
“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,” Ms. Warren said in a statement, according to the Wall Street Journal.
“When regulators care more about protecting big banks from accountability than they do about protecting the American people from risky and illegal behavior on Wall Street, it threatens our whole economy. We learned this the hard way in 2008.”
She did not comment on this week’s Radiolab.