Senate Banking Panel Plans Hearing In Wake Of New York Fed Tapes

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A Senate Banking subcommittee will hold a Nov. 21 hearing about "regulatory capture" following revelations of secretly taped conversations between Federal Reserve Bank of New York officials discussing policies at Goldman Sachs Group Inc. . The subcommittee on financial institutions and consumer protection, led by Ohio Democrat Sherrod Brown, will hold the hearing, Brown's office said. Witnesses will be announced at a later date.

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