Regulators overseeing the largest financial institutions do not trust their bosses, feel isolated and fear speaking out due to the potential impact on the U.S. economy, The Huffington Post reports.
The news site goes on to say:
“Supervisors during the Greenspan years were beaten down pretty regularly,” Phil Angelides, former chairman of the congressionally appointed Financial Crisis Inquiry Commission, told HuffPost. “It doesn’t surprise me that you would still have some dysfunction, a lack of morale and something less than a highly energized and well-coordinated arm of the Federal Reserve, where for so long the regulators and bank supervisors were held back by the leadership of the Fed.”
