New Scrutiny of Goldman’s Ties to the New York Fed After a Leak

“The job hopping has long fostered a culture of coziness that, even without direct evidence of impropriety, generated a public perception that regulators and bankers form unholy alliances. But the new accounts of a regulator and a banker actually sharing confidential documents — violating a cardinal rule of the regulatory world — suggest that those impressions may no longer be purely hypothetical.”