New York Fed, Goldman in Criminal Investigation for Sharing Confidential Information (AND NY TIMES RUNS COVER)

``The overview: a former New York Fed employee who had been assigned to work with banks obtained confidential information about a bank client that amounted to impermissible sharing of privileged regulatory information... it looks like Goldman was aware of Bansal and Jiampietro's conduct and waited to decide whether or not to act based on how damaging the ProPublica story turned out to be. Correlation may not be causation, but the timing here looks awfully sus.''