Richard Eskow: Seven Revelations From Those Secret Goldman Sachs Tapes

The secret Goldman Sachs tapes released this week by ProPublica and This American Life are attracting a lot of attention, and rightly so. They were clandestinely recorded by Carmen Segarra, an investigator for the New York Federal Reserve Bank who was eventually fired – either for being uncooperative or, as she says and the tapes suggest, for attempting to be a strong regulator.

Financial cases can seem complicated, especially in situations when there are multiple parties involved. But the reality that is revealed in these tapes is clear enough, and can be summarized in seven takeaways: