Bloomberg Law: Goldman Under Regulatory Pressure (Audio)

(Bloomberg) -- Richard Painter, a professor at the University of Minnesota Law School, and Chris Dolmetsch, a court reporter for Bloomberg news, discuss a U.S. Federal Reserve enforcement action against Goldman Sachs after the bank failed to effectively supervise a banker who had received confidential government information from a New York Federal Reserve bank Employee. Additionally, Goldman Sachs has is facing another problem from Malaysia, where the bank is now accused of selling out a client in order to curry favor with Malaysian prime minister Najib Razak, who controlled the country's sovereign wealth fund. They speak with Bloomberg Law host June Grasso on Bloomberg Radio's "Bloomberg Law."