[applause] that we will introduce you to first time author ten carmen

segarra the book is called noncompliant. give us a brief synopsis of your career. >> i am a lawyer by training. i started off working at law firms. then i went into banking. at the time coming up as a young lawyer so i started to work in the bank and then the crisis hit and at that point in my career it was time to do a shift as you're getting older and as a senior the opportunity came up to work at the federal reserve bank of new york. >> what type of four did you do at the fed?

>> as senior bank examiner. a fancy to save my job was to go into any bank to check to see if they are complying with the law laws. >> how complex are the banking laws that bank of america or goldman sachs? >> come monday -- incredibly complex thousands and thousands of regulations already in the books. i focused on international areas. so add the 50 states and all those additional as well. it is incredibly complex that it takes many years to understand what is going on. >>host: as a compliance officer with the federal reserve you were a government employee? >> yes. >>host: your focus was goldman sachs?

>> correct. >>host: where we located? what work did you do? >> at the time the federal reserve assigned to work inside the building. >> that was a typical day? >> you get up really early first i would just hit the news. then afterwords go into the office to spend an enormous amount of time to go over all the policies and procedures in preparing exams and doing examination to see what is working or not working. >> were you privy to

meetings? >> yes. we met with goldman sachs from different levels, mostly senior levels. >>host: what what happened? >> typically there were topics ahead of time it depended on what topic we were covering her what the conversation would be about. in my particular case those conversations we talked about they were not doing great. >>host: you would see something not complied with? what would you do? there was a gap each week but i would do in the federal reserve exec -- expected. but what you are supposed to do is note the gaps in the report to write down this is not working for this is how

long it takes to fix it. >> your book is called noncompliant what were they doing that was noncompliant? >> it wasn't just goldman sachs that came out of compliance but the federal reserve bank of new york employees as well. it is easier for me to say what they were complying than not. because the gap was so big. there are very few things they were doing right. >>host: can you give an example? >> one of the stories i talked about is when i and sitting down with an official who passed on knowledge of the

anti- laundering money program to put it very simply the rules they are supposed to follow a customer that tries to use the bank to launder money. so what was shocking to me as i was sitting there was how this particular employee was telling me at the same time they're not just doing them in the united states but in the offices around the world at the same time trying to convince me there was nothing wrong with that because other banks did that as well and i shouldn't worry about it because it's not a big deal.

when you have your career helping banks to comply with the law and then surrounded by people who were on the same wavelength to figure out how to make this work. it is absolutely jarring to see those who are supposed to be working for the taxpayer and paid by the taxpayer to tell you they are aware something is wrong with trying to sweep that under the rug. >> was there a coziness between the new york fed and goldman sachs and other banks? >> i think cozy is too general of the term they think legal minds will disagree that word is very generous but a lot of things were going on that

should not be going on. like misrepresentation and rule breaking. >>host: you made a big decision? >> yes. the first came have a trigger event i was asked to look at what i prepared because that would be record tampering. and i refuse to do so that i sought legal advice from outside of the fed and people that i trusted. and they advised me to report what is going on. we know this is a problem. there is a knowledge gap each read what is known by the public and what is going on

and so they said we can get some more information. so i went ahead and to report but eventually they asked me again to do something illegal and to change a report to allow them to continue and then i was fired so that i decided it was important for the public to know what was going on and that the best way to do that was in the framework to show people it can be done using a forum or a protected privileged environment for those events i had witnesse witnessed.

>>host: all those recordings could you release them legally to the public? remake yes that i am a whistleblower and this is a matter of public interest. but using that proceeding helped to defend myself against being fired for refusing to break the law so at that point when you are defending yourself you are using your right as a whistleblower to defend yourself from this behavior from your employer to shine a light what is going on so there were multiple avenues i could have taken to put the reports into the hands of the courts. >>host: want to become a whistleblower do you have legal protection? >> essentially yes. that then at that point you are protected.

>> did you wear a wire rack. >> a very good question. mostly because that was not something i could have access to a did have a usb recorder that was tied to my keychain to my blackberry. >>host: were you scared? >> not at all. as a lawyer you know certain things for example what allows people to record in person one person would consent so those recordings were perfectly legal and we record conversations all the time it is absolutely normal. what is not normal is that i

released to the public. >> take us through the day you are fired. >> the first inkling i had came from the secretary. she and i had built up a relationship with constraints and confines through the bank of new york and having interactions with she looked at me as i was leading to meet with my supervisor i also had meetings outside of goldman and i was scheduled to go into a meeting with my supervisor and she looked at me and she said it's always a good

month. so i knew something would happen i went to the bathroom and turned on the recorder and i went into the conference room and there was my supervisor who did not look or speak a word to me and mayfield bossi was the head of the team of the new york fed working inside goldman sachs it was very short. basically he said i was being fired for insubordination and not following orders. i asked him essentially what are you basing this on? he was very surprised for that question and then they said we wish you good lock. after that but then it was

very typical you don't get stay they walk you out of the building. i recorded all the way downstairs and out of the building. >>host: carmen segarra is the author of noncompliant coming out in october you can see the conclusion when published. . . . . >> paul manafort is now sitting inside a jail on allegations he tried to