Federal Reserve Employees Afraid To Speak Put Financial System At Risk

in 2013, Centers & Institutes in the News, Cornelius Hurley, Huffington Post, Newsmakers, School of Law
August 28th, 2013

hurley11-150x150Huffington Post
Cornelius Hurley, School of Law, Center for Finance, Law & Policy

Regulators overseeing the nation’s largest financial institutions are distrustful of their bosses, afraid to speak out, and feeling isolated, according to a confidential survey this year of Federal Reserve employees…

Expert quote:

“Volcker — from the top on down — he took regulation seriously, and we all knew that. A lot of responsibility was delegated to you early in your career, so it was a wonderful place to work.”

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