[ZeroHedge] Having cost the jobs of three top Fed officials, including the Dallas and Boston Fed presidents as well as that of Vice Chair Clarida, one would think that matters relating to (potentially extremely lucrative) insider trading by members of the Federal Reserve should be fully in the public domain. One would be wrong.
In response to a Reuters Freedom of Information Act, the Fed said that there are about 60 pages of correspondence between its ethics officials and policymakers regarding financial transactions conducted during the pandemic year 2020 which have become an extremely sore spot for the Fed, with members of Congress demanding full transparency as to who knew and did what, when. The only problem: nobody is allowed to see them, as the Fed "denied in full” to release the documents, citing exemptions under the information act that it said applied in this case. Exemptions traditionally involve matters of national security, so how exactly alleged insider trading by a bunch of millionaires threatens "US Democracy" is something we would love to understand.
The disclosure of trading by two regional reserve bank presidents during the pandemic led them to resign last fall, and prompted Fed chair Jerome Powell to overhaul Fed ethics rules and request the central bank's inspector general to investigate.
The FOIA responses to Reuters for the first time quantify how much back and forth may have occurred over policymakers’ personal trading in a year when markets first cratered, then rebounded on the basis of both massive federal fiscal stimulus and an aggressive rescue effort by the Fed.
Reuters reports that it had requested release under the information act of any 2020 communication "regarding the propriety of individual financial transactions" exchanged between the Fed's general counsel or ethics staff and members of the Board of Governors, then Dallas Fed president Robert Kaplan, or then Boston Fed president Eric Rosengren.
Fed FOIA officer and deputy board secretary Margaret McCloskey Shanks responded to Reuters that staff had identified "approximately 47 pages of information" involving Fed board members and around 13 pages involving either Kaplan or Rosengren. However release of the documents was denied.
"The responsive documents contain predecisional and deliberative information, as well as information that is subject to attorney-client privilege," she wrote. There was, she said, nothing in the documents that was "reasonably segregable" and not exempt from release under FOIA.
Gunita Singh, a staff attorney at the Reporters Committee for Freedom of the Press, said the FOIA exemption cited by the Fed is meant to "protect agency candor" so U.S. government staff and officials can discuss issues freely as decisions are being made.
The response from Shanks did not detail what current discussions or deliberations warranted withholding the information.
Demands for more disclosure from the Fed about the ethics scandal has been widespread, with public interest groups and elected officials including Elizabeth Warren calling on the central bank to release more details about policymakers' stock trading and the guidance or opinions provided to them by ethics officials.
Oh, that's easy. Federal Reserve officers exposed in wrongdoing would damage the image of the Federal Reserve and the US dollar. This must not be allowed. It's a matter of national security.
Who cares if they're guilty? Top officials get to do this kind of corruption, it's not a big deal. What, you think they should be content with their salaries? When they see everyone else around them getting rich? It's an entirely unreasonable attitude.
#2
It should be fairly obvious they do not go to Washington to excel at being good public servants and representatives of the people. They go to Washington to become wealthy. Identifying the problem is the easy part. It's the doing something about it that's so very difficult.
#3
how exactly alleged insider trading by a bunch of millionaires threatens "US Democracy" is something we would love to understand
Actually, they're correct: exposing the rot at the heart of our national institutions -- the extreme venality, dishonesty and incompetence of our elites -- will destroy the legitimacy of those institutions.
Polls increasingly show that a very large portion of the public, about half now, does not believe that our elections are fair, that our leaders know what they're doing, or that they have our best interests at heart.
Bria's public awareness that the architects of our nation's monetary policy make fortunes from their insider knowledge of future interest rate movements would put a stake through the Ged's legitimacy.
That they made (and still make) ridiculous claims which Pfizer, Modeena and J&J themselves refused to make.
That, contrary to law, they suppressed information about and access to known safe and effective alternative treatments, including uncobtroversial and widely-used drugs that are on the WHO's list of essential medicines.
That they again violated EEOC laws as well as the Nuremberg Principles in forcing this experimental gene therapy upon millions of Americans on pain of losing their jobs, or seeing themselves and their children blackballed from normal participation in economic and social life.
[Epoch Times] The beating of an unconscious Trump supporter by a DC Metropolitan Police Department officer on January 6 was deemed to be "objectively reasonable" after an investigation by the department’s Internal Affairs Bureau, The Epoch Times has learned.
The Internal Affairs investigation was opened in September 2021 based on a complaint filed by a Texas man who assembled video evidence of the officer striking an unconscious Rosanne Boyland with a steel baton and a large wooden stick at the entrance to the West Terrace tunnel at the U.S. Capitol on January 6, 2021.
Boyland, 34, of Kennesaw, Ga., was pinned under a pile of protesters who fled the tunnel when police deployed a crowd-control gas. After several minutes of being crushed by the weight of other fallen protesters, Boyland lost consciousness and stopped breathing, witnesses have said.
As Boyland lay unconscious on the ground DC Metro Police Officer Lila Morris repeatedly struck her with a steel baton and what appeared to be a wooden walking stick, according to a video recording. Another "insurrectionist" murdered by DC police. Who are they responsible to?
#9
'Tis Pity She's a Po-leece, or, "I'm in government!"
As in Malcolm and Alex's mockery
Of blacks below stairs, dusky Dockery
Laid claim to prestige,
Fame, and trade of her liege,
From these guinea hens, DC peacockery!
The White House has approved a Pentagon plan to use troops in Poland to evacuate American nationals from Ukraine if Russia invades, it emerged on Wednesday
Officials said last year's Kabul airlift offered lessons: 'We don't want a chaotic withdrawal from Ukraine'
Vice President Kamala Harris will meet allies in Europe next week during the Munich Security Conference
An official said she would build on the 'intensive engagement that is already under way,
Intelligence officials said Russia has 70 percent of the forces it needs for an invasion already along the border
The U.S. has deployed 3,000 troops to eastern Europe and delivered 86 tons of weapons to Ukraine
Posted by: Skidmark ||
02/11/2022 00:00 ||
Comments ||
Link ||
[11129 views]
Top|| File under: Tin Hat Dictators, Presidents for Life, & Kleptocrats
#1
They couldn't come up with a plan in 20 years for Afghanistan yet they think they can for this shitshow this retarded fool is stirring up?
Posted by: Chris ||
02/11/2022 1:07 Comments ||
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#2
Why would anyone go back to a neighborhood tavern where a brawl breaks out with near clockwork regularity? It simply defies logic and good common sense.
#6
The pols see this as a threat to their authority. It wouldn't even be happening if they hadn't gambl3d their "authority" on the now completely busted COVIDian vaxx mandates and other dumb measures. They are doing this to themselves and are too dumb to realize when to cut their losses.
Posted by: M. Murcek ||
02/11/2022 10:19 Comments ||
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#7
I know there is a real slide scale going on for stupid moves, but this shit, the Brandon Handlers, they just put out there that if there were to be something similar in the US, and now especially Canada, any opposition, problems, etc. ties straight to The White House.
accused drivers of 'hurting jobs, businesses, and our country's economy
Oh that's fucking rich. 52 Curve Flattens ago they were godddammed heroes.
What the Truckers Want
I’ve spoken to 100 of the protestors gathered in the Canadian capital. What's happening is far bigger than the vaccine mandates.
#9
I don't know much about the Canadian parliament but if, as I suspect, it is modeled after the UK parliament, Trudeau could end up facing a vote of no confidence. Wouldn't that frost his balls?
Posted by: Abu Uluque ||
02/11/2022 11:56 Comments ||
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#10
Trudeau could end up facing a vote of no confidence.
He's survived them before. I have found no mention or discussion of this actually succeeding in the present situation.
Posted by: Bubba Lover of the Faeries8843 ||
02/11/2022 12:48 Comments ||
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#11
This is going the way of our civil rights issues from the 60's. The governments are doubling down on their control over blue collar types trying to just get their voices heard over this medical tyranny. The governments hard line leaves the people backed into an ugly corner. No talks, no negotiations, just threats and violent actions by the government. If the government does not back down and have talks this will all end in violence, and real violence will ensue. They took the truckers fuel, gave it back under court order, but only after filling the cans with water. They are pulling the truckers passports, confiscating their funding, arresting them, beating them. Now Canada is in a state of emergency, the military refused to help the police today. The next step is violence. It seems the Canadian government is now willing to use it. When they do they will shut the communications down, a bad plan as it will get out anyway. The world will be as shocked as they were over the violence from Selma. Then we will have change. I am proud of the Canadians doing this, the liberty bell is ringing. Oh Canada...
Posted by: 49 Pan ||
02/11/2022 13:45 Comments ||
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#12
They took the truckers fuel, gave it back under court order, but only after filling the cans with water.
Sounds like a violent, provocative act.
Do they want violence?
Forget the dull places you've come from
Where life was so numbingly humdrum!
Live, free of the presence
Of Trumpkin scum peasants!
- Commander, Cantonment of Dum Dum
#14
^ An actual place, btw, though why I say so I'm not sure, since most of you will've experienced the Mutiny and all that at first hand or at least gotten the skinny in emails from friends.
[WND] In a case against a Jan. 6 defendant, a federal judge in Washington, D.C., on Thursday rebuked Justice Department prosecutors for misleading a grand jury and the court about the whereabouts of then Vice President-elect Kamala Harris during the rioting at the U.S. Capitol.
Last week, CNN reported that contrary to the Justice Department's indictments, Harris was at the Democratic National Committee headquarters in Washington when the riot began. It was Harris' security detail, in fact, that found one of the two pipe bombs that were widely reported on Jan. 6. But until last week, it wasn't known that Harris was within yards of a pipe bomb before it was discovered. Raising further questions is the fact that the pipe bomb suspect, despite surveillance camera footage and physical evidence, has not been identified.
In his order Thursday, Judge Trevor McFadden, noted that the government filed an indictment against Nicholas Rodean more than one year ago that erroneously stated that Harris and then Vice President Mike Pence were at the Capitol during the riots.
An excerpt of the order was tweeted by investigative reporter Julie Kelly, who has reported extensively on the Capitol riot and the alleged plot to kidnap Michigan Gov. Gretchen Whitmer, finding parallels between the two in the use of FBI informants.
I’m not sure what his theory is here and I’m not sure he’s sure either. But the nice thing about “just asking questions” is that you don’t need to have a fully formulated theory. You’re … just asking questions.
His question are leading, though, which means he has some suspicions. From what I can tell, his theory is this: The FBI, possibly in cahoots with the Biden campaign, planted the two pipe bombs at the RNC and DNC to divert police resources from the Capitol as the insurrection began, all part of their sinister plot to make Trumpers look bad on January 6. Even more alarming, Kamala Harris ended up visiting DNC headquarters that morning, passing within yards of the still undiscovered bomb. It’s unclear whether Tucker thinks Harris knew the bomb was there or if some mastermind who knew it was there encouraged her to go, but it’s all far too coincidental to be innocent. And it’s weird that the public didn’t know until just last month that Harris was at the DNC that day. There must be a cover-up of sorts happening.
In fairness to him, that last part is pretty weird. Although Occam’s Razor suggests that the reason for keeping it quiet is that Team Biden thought the security lapse was embarrassing and didn’t want to call attention to it. You typically don’t want to signal to enemy powers that the vice president’s security detail may not be up to snuff.
Tucker goes on to claim that the bombs were basically inert, evidence that they were a pre-planned diversion rather than a serious attempt to do harm. That’s not what the FBI says, though:
#3
The DeepState placed the bombs at both DNC & RNC for two main reasons: gives them the justification for whatever violence they push onto protesters. By ‘bombing’ both headquarters it makes it appear that this is not about Dem or Rep; it is about destroying democracy which requires violence to squash.
Since the bombs were built only to scare and not to explode the DeepState need not worry about telling any other agencies or whether Any VP was nearby.
The fact they are lying about VP location just pushes the conspiracy theory even deeper.
#4
If it were not the"Jan. 6th", wouldn't many judges have tossed the case out the door? Because of the DOJ's omissions and misleading statements officially entered into evidence?
Shouldn't the person(s) that created and entered the known FALSE EVIDENCE be charged?
NOTE: These cases have APPEAL written all over them. Given the growing collection of DOJ evidence related issues and omissions now coming to light.
Surely,it has more and more of America wondering how much of the Jan. 6th congressional building trespassing was planned entrapment or staged by a mixed of rouge 5th column extremists, Capital/DC Police, a few staff, and ANTI-FA/BLM?
#6
There are a lot of common tools in the regime change toolbox that major intel agencies around the world. Increasingly the circumstantial information suggests the J6 incursion and the media shaping of how it was described initially sure seems to have that kind of patina. My question is whose toolbox?
I'm reminded of the scene where the guy turns to Harrison Ford's Jack Ryan character after opening his safe and holding out a piece of paper and asks "You don't have one of these Jack?"
Someone here (Hoib?) said yesterday that our current moment has zip in common with the decadence and barbarity of imperial Rome's perverted, insane courts.
This character is yet another example -- Exhibit A or maybe Exhibit LGBTQXYZ -- that we are dealing with our own bureaucratic version of Caligula and Nero's depravity.
Posted by: Frank G ||
02/11/2022 8:36 Comments ||
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#6
Buttplug has a kid to mess up now, whether biological or not they seem to have no problem giving these people, and I use that loosely,kids to raise and twist their minds.
Posted by: Chris ||
02/11/2022 9:16 Comments ||
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#7
Toxic, Radioactive pretty much sums all these appointments.
#16
got laughed at for suggesting a cabal of sexual deviants and predators was/is being put into key power positions
No longer farfetched. Our POTUS and his family are corrupt, he's a pervert, his son is a depraved berserk pervert. His VP literally whored her way into politics. Third in line is a hideously corrupt old hack. All of them have no compunction about sicc'ing the FB-eye on parents who protest when tranny freaks are allowed to literally stalk and actually rape their daughters in the girls school bathroom.
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.