>> again, the book is on sale outside if you have not already put it up. i recommend it highly. jake, thank you for being here and i want to thank you for what you do particularly now in the trump era. thank you very much. [applause] [applause] [inaudible conversations] >> here's a look at the upcoming fairs and festivals happening around the country.

for more information about the upcoming fairs and festivals attached previous possible coverage click the first tab on the website. >> we want to introduce you to first-time author her book is called noncompliance: alone support exposes the giants of wall street. it comes out in october of this year for it into the book give us of a synopsis of your career. >> i am a lawyer by training and by profession so i start off the net law firms as most lawyers do and after a while i went into making one of the fields that at the time is coming up as a late untrained young lawyer a lot of women dress. i joined started working and attempted the 2008 crisis hit and at that point in my career

it came time to do a shift because getting older and up there and you are more senior and the opportunity came up to work at the bank of new york and i took it. >> what did you do. >> i was a senior bank examiner and that is a very fancy way of saying that my job was to go into any bank and check to see they are complying with the law. >> as a compliance officer how complex are the banking laws that a bank of america or goldman sachs need to follow? >> incredibly complex. there are thousands of regulations already on the books and i specifically follow a lot

on the international and consumer areas so you have to act in the 50 late states under federal law with international laws as well. it's incredibly complex to take many years to understand what is going on. >> so, as a compliance officer with the federal reserve's your government employee. >> yes. >> and your focus is goldman sachs. >> yes, that's correct. >> will you located and what kind of work did you do at goldman sachs? >> i was not assigned there specifically for that the time the federal reserve assigned these employees such as myself to work on site and what that meant potential he was we worked inside the goldman sachs building inside. >> what was a typical day mark. >> i think a typical day you arrived early in the morning and the first thing i would do was hit the cable news wire and see what is going on and see the

bank and "after words" he go to the office and what you do is spend time reading. going over the policies and procedures and exams and doing a combination to see what is working and what is not working. >> reap the two meetings or the two executive at goldman sachs? >> yes, we met with executives from different levels and all the parts. >> the process and what would happen. >> specifically scheduled ahead of time so it depended on which topic we were covering and what the conversation would be about it in my particular case a lot of the conversations were around things like goldman sachs was not tonight there were a lot of them. >> you see something that is not been complied with what would

you do? >> there's a gap between what i would do and what the federal reserve expected. typically what you are supposed to do is note those gaps and have examination report write down what is not working and how long it should take to fix it and an enormous amount of data gathering to produce that support. >> your book is called noncompliance. what was goldman sachs doing that was not noncompliant, illegal or however? >> the issue for me it was not just goldman sachs that was being noncompliant. it was the federal reserve bank of new york and federal employees, as well. it's easier for me to say but they were not complying with two at they were say not complying with because the gap to do is so big. it's very difficult to find things they were doing right. it's an embarrassment of what

they were doing wrong. >> could you give us an example? >> yes, one of the examples i talk about early on in the book is when i was sitting down with the federal reserve bank of america employees whose stoop pass on knowledge and the anti- money laundering program is simply, is that the employees are supposed to follow to patch anybody, customer, that is trying to use the banks to launder money, and other words to make dirty money clean. talking to me as i sat there and took on this information from the new york employee is how this particularly employee was telling me at the same time

they're doing all of these things that are wrong and they're not just doing the wrong in the us but doing the wrong in all sorts around the world and at the same time was trying to convince me that there was nothing wrong with that because other banks apparently did it wrong as well and i cannot worry about it because it's not a video when you sit there and you have spun your career helping banks to comply with laws and working to modify people mostly people i work with who were on the same wavelength trying to figure out how to make this work which is the framework of the law is absolutely jarring to see and to listen to someone who is to be working for the taxpayer salary is paid by the taxpayer telling you they are intellectually aware that there is something wrong being done at goldman sachs but they're trying to keep it under the rug. >> carmen segarra, are you suggesting is a coziness but the

new york fed and goldman sachs and other banks? >> coziness is to general of the term. legal minds will, you know, physically and that word is generous but there is a lot of things going on that should not be going on. misrepresentation, illegal behavior, a lot of were breaking because on that is going unpunished. >> you made a big decision. >> yes. >> what was it? >> i made two big decisions. the first decision came with a result of a trigger event that was potentially to delete information from a report i have compared which is illegal because that would be record tampering. i refused to do it though and i sought legal advice from outside the fed much more experience than i was and they advised me

court went on and said we know it's a problem but it's difficult in a big knowledge gap between what is known by the public and what is really going on. it's hard to prove that these things are going on so we suggested if you record it to get more information as to what is going on. i went ahead and decided to record when i was working at the federal reserve bank in new york and the asked me again to do something illegal, much along the lines of the first time to change of report , too goldman sachs and allow them to continue with activities and i refused and i was fired. at that, i decided that it was important for the public to know that this is going on and i decided that the best way to do it in a legal way within the framework of the law which showed to serve that these

things can be done was to use a form of the legal proceeding to use a protected environment to disclose recordings and events i have witnessed. >> those recordings -- have you release them legally? to the public. >> yes, in the sense that i am a whistleblower and this is a matter of public interest. but using legal proceedings helps because i have a right to defend myself against these being fired for refusing to break the law. at that, you're using your right as was lower in your right to defend yourself from his behavior by your employer to shine a light on what is going on. absolutely, multiple avenues i could've used and i used all of them simultaneously to the press and them in the hands of the

courts. >> once you declare yourself or become lower use of legal protections, is that correct? >> yes, because there's a whistleblower lawsuit. at that you are protected. >> did they say to her wire into the office? >> no, i did not wear wire but mostly because that was not something i could have access to but i used a tiny device that looked like a usb recorder that tied to my keychain which is tied to my blackberry. >> you scared you are doing? >> not at all. as a lawyer, for example, new york is one of the states that allows people to record the consents of just one to but it's perfectly legal to make the

recordings. i was consenting and the quarter counts as a person so the recordings were perfectly legal to make and banks record conversations all the time. it's absolutely normal. what is not normal is that there is i release them to the public. >> walk is the day you were fired. >> the first inkling i had that i was going to be fired came from a text. i had brought up a cordial relationship they are allowed to have been the constraints and confines of an office especially in new york which culturally looks down upon having interactions with the staff and i'm not the kind of person i talked to everyone.

she looked at me as i was heading to meet with my splicer and i often have meetings outside of goldman at the headquarters i was scheduled to go to a meeting and she said, it'll be a good one. it was something that ticked me off. i knew that something was good to happen so walked all the way to the fed and went to the bathroom and turned on the recorder and walked out and i went into the conference room and there was my supervisor did not look or speak a word to me at all and there was the gentleman who fired me with the head of the team of the new york but employees are working inside goldman sachs. it was a short, maybe even five minutes and i was fired for insubordination and refusing to follow orders and i asked him what are you basing this on and

he was surprised for the question refused to answer it. he said we wish you good luck and got up and left. after that, whenever employees are fired at thank you don't get to stay and they basically walk you out out of the building and i was excluded all the way downstairs. >> noncompliant is the name of the book, carmen segarra is the author. it comes out in october and you can see what the conclusion is when it is published this is book tv on c-span2. >> here's a look at some authors recently featured on the tvs "after words". it's our weekly author interview program that has best-selling nonfiction books.

>> as an offensive mechanism people do these gas lighted things when they're caught line saying that that person is crazy and don't pay attention to them but donald trump actively takes a target and make supplies. >> actively. >> and so, you got the things i'm pretty sure will pop back up where there are millions of people that voted illegally in its at that point he setting up a rigged narrative but he can use that in 2018 and use that in 2020. >> and he is. what we've seen him starting to say about the robert mueller investigation is meddling in the 18 and it reminds me of what he said about the rigged election. >> exactly. and has the benefit of politicizing the report whenever it comes out. because the rigged narrative was during the election and that prevented them so this stuff does work and it may prevent a

report coming out from the 19. >> "after words" heirs on the tv every saturday at 10:00 p.m. eastern and sunday at 9:00 p.m. eastern and spit hundred pacific time. previous "after words" are available to watch on website @booktv .org. >> book tv recently visited capitol hill to members of congress what they are reading the summer. >> i just finished reading this incredible book pulitzer prize winning book called the sympathizer. the author is a vietnamese refugee himself and it's a perfect da book to talk about wd refugee day in and out reading his second book called the refugees. they are remarkable books to capture the complexity of a refugees life but also refugees the end up in the united states,

as well as want to go back. he does a good job of capturing both pieces of that so those are the two books that are front and center for me right now. >> bottini wants to know what you are reading. send us your summer reading list @booktv on twitter, instagram or on facebook. booktv on c-span2, television for serious readers. >> i am ready to get started. if people out having breakfast could come and join us, that would be great. we have folks coming up from the answer way downstairs. i realize that and early morning tech event isn't oxymoron so i apologize for the timing but thank you for coming. my name is nick, partner at [inaudible] and i spent much of