But the change in the report was minuscule, and I think her boss was actually correct.
Goldman had written materials about conflicts. Segarra claimed they weren't enough to a "policy" by her opinion. Her boss argued, it was a policy even if it was a really poor one. He didn't tell her to change the report to say they had a policy, he told her to change it to say Goldman's policy was very deficient and need to be improve a lot.
It's essentially a semantics argument, not some huge cover up.
And her boss's stance is arguably more detailed and accurate.
I think this is actually missing the point. Her boss may have been right, and I think he was. But as a regulator she's entitled to file her opinion and have him override it. Then it's all in writing.
The fact that they refused to do this and instead bullied her into their own opinion is remarkable. If they'll do this for something so minuscule, imagine what they'll do for bigger issues.
The tapes aren't exposing that Goldman got away without a conflict of interest policy, they're exposing that the Fed is still refusing to let staff stand by their independent opinions.
Goldman had written materials about conflicts. Segarra claimed they weren't enough to a "policy" by her opinion. Her boss argued, it was a policy even if it was a really poor one. He didn't tell her to change the report to say they had a policy, he told her to change it to say Goldman's policy was very deficient and need to be improve a lot.
It's essentially a semantics argument, not some huge cover up.
And her boss's stance is arguably more detailed and accurate.