``The former employee, Carmen Segarra, said that in her seven months of examining Goldman's legal and compliance divisions, she found the bank did not have policies in place to prevent conflicts of interest as required by regulation, a conclusion that might have caused a downgrade of the Wall Street bank's regulatory rating.

According to ProPublica, Segarra was one of many risk specialists hired by the Fed after the passage of the Dodd-Frank financial reform bill -- legislation which aims to bolster regulation of the financial system. She was part of a broader effort to minimize what was seen as undue risk taken on by leading banks in the lead up to 2008's financial crisis.''

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