Goldman’s Insights Not Always Divinely Inspired

Is it considered illegal for a NY Fed employee to leak information to a (now ex) Goldman banker? Or just frowned upon?
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Occasional house of worship for Goldman bankers.

Sometimes they come from the New York Fed.

Federal prosecutors are preparing to announce a criminal case against a former Goldman Sachs banker suspected of taking confidential documents from a source inside the government, a rare criminal action on Wall Street that comes as Goldman itself is facing an array of regulatory penalties over the leak. The banker and his source, who at the time of the leak was an employee at the Federal Reserve Bank of New York, one of Goldman’s regulators, might plead guilty to misdemeanor theft charges rather than fight the case at trial, according to lawyers briefed on the matter who were not authorized to discuss private deliberations. The men, who were both fired in the wake of the leak, would face up to a year in prison if they accept the plea deals this week.

Ex-Goldman Banker Faces Criminal Case in Leak From Fed [NYT]

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