Originally published on Wed October 1, 2014 7:17 am
NPR's Steve Inskeep interviewed Sen. Elizabeth Warren about the audio tapes made by Carmen Segarra, a Federal Reserve Bank of New York investigator who was examining Goldman Sachs. A full transcript of the interview follows:
STEVE INSKEEP: You described what you learned from this report as disturbing. What's disturbing about it?
The Federal Reserve is among the most powerful institutions in the nation and also among the more private. But new audio tapes secretly recorded by a former employee provide a rare look into meetings involving officials from the Federal Reserve Bank of New York.
In them, you hear officials considering how to oversee Goldman Sachs, and specifically, they discuss a financial transaction that one official describes as "legal but shady."
Originally published on Tue September 16, 2014 8:40 am
It started with the iPod. In 2001, Apple promised to do away with stacks of CDs and put 1,000 songs in your pocket. Thirteen years later, the music industry is unrecognizable: Most brick-and-mortar record stores have closed, and a pocket-size hard drive filled with music seems quaint in a world with YouTube and Spotify.
We didn't know it at the time, but the introduction of the iPod began Apple's shift from Macs to consumer electronics, which resuscitated the ailing computer-maker's fortunes and helped transform it into the world's most valuable company.