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Fed Releases Names Of Early FOMC Minutes Recipients: Include Employees Of ECB, Goldman, Barclays, JPM, Law And PE Firms
We will release the full list of named recipients once we get it, but here is what we now for now, via BBG and CNN:
- EMPLOYEES AT GOLDMAN SACHS, BARCLAYS, JP MORGAN, CITI, NOMURA, UBS, HSBC RECEIVED FED MINUTES EARLY YESTERDAY
- MOST OF THE BANK EMPLOYEES APPEAR TO WORK IN GOVERNMENTAL RELATIONS (Lobbies)
- ABA, SIFMA, SENATE STAFFERS RECEIVED FED MINUTES EARLY
- FED NAMES 154 RECIPIENTS OF EARLY RELEASE OF FOMC MINUTES
- FED MINUTES SENT EARLY TO BANKS, LAW FIRMS, PRIVATE EQUITY
- FED EARLIER SAID RELEASE WENT MAINLY TO CONGRESS, TRADE GROUPS
- NONE OF THE PEOPLE ON THE LIST ALERTED THE FED THAT THEY RECEIVED NONPUBLIC INFO A DAY EARLY
In other words: absolutely everyone who trades risk assets for a living!
A more detailed list, which also includes the ECB, via the WSJ is as follows:
Banks, trade groups and lobbying firms:
American Bankers Association
American Council of Life Insurers
Barclays Capital
BB&T
BNP Paribas
Capital One
Carlyle Group
Citigroup
The Clearing House Association
The Cypress Group
Fifth Third Bank
FINRA
Goldman Sachs
The Gray Company
Guggenheim Partners
HSBC
Independent Community Bankers of America
IntercontinentalExchange
J.P. Morgan Chase
King Street
National Association of Realtors
Nomura
PNC
Regions Bank
Rich Feuer Anderson
Roberts Raheb & Gradler
Securities Industry and Financial Markets Association
Standard & Poors
Sullivan & Cromwell
UBS
U.S. Bank
Wells Fargo
Whitmer & Worrall
Williams & Jensen
Government agencies or public-oriented entities:
Austria Federal Ministry of Finance
Bank of Japan
Conference of State Bank Supervisors
Congress (House & Senate)
Consumer Financial Protection Bureau
European Central Bank
Federal Housing Finance Agency
National Credit Union Administration
Treasury Department
White House
Of course, once the lobby workers got the list, they promptly forwarded it into the gaping maw of the mothership which pays the salaries and bonuses.
Naturally, to say that nobody traded once getting this material, non-public information, is about as credible as saying that nobody traded on the material, non-public information leaked by Tim Geithner in August 2007 when he informed the banks one day in advance of a critical Fed decision. Oh wait:
We will provide the full list of people who manipulate and cheat the market shortly, but for now we are curious to see how the Fed will spin that EVERYONE got an advance notice of its minutes a day in advance without this becoming a material issue with the regulators, and just how many billions in hush money it will take to push this all under the rug.
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An important question that isn't being asked is why a "private" bank like the FED would want trillions in "bad" assets. I think the answer gets to the core of the game and should shed light on what's going on.
See you guys @ FEMA, and fuck you, Bernanke.
Uh how about this: Exchange printed money for member banks' bad assets, member banks use freshly printed cash to ramp stocks and pay out big bonuses, print more money, exchange for more bad assets, rinse, repeat...
Americans cannot trust doing business with their own government or banks, so how can the countries of the world trust the Fed-owned IMF/World Bank or the Fed-owned U.S. Congress or its banker-owned “leader”?
These legalized heists, statistics and incessant misrepresentations from U.S. banker-owned politicians have become not only a national disgrace, but a world disgrace. We are a country whose business law has been overtaken by thieves.
The corrupt financial oligarchs who run the Fed and the Treasury and the U.S. government not only have run America into a ditch, they’ve run the EU economies into the ditch. And many of these countries, including America, aren’t coming out of that ditch for a long while—the richest nation in the world is now insolvent, facing bankruptcy, unemployment and poverty.
These thieves in high places use legal plunder to take the wealth of all and give it to a few. They return nothing! Who would want to do business under such a contract? The law has become an instrument of injustice (Bastiat) and Americans and the peoples of the world are reaping the consequences.
As smartknowledgeu wrote on ZH on 01/08/2013: “Bankers are rigging stock markets, real estate markets, currency markets, and commodity markets all for their benefit only and to the detriment of all other humans on our planet.”
Illegal plunder, i.e., theft and swindling, cannot be called capitalism or socialism. It is a system of graft, a system of plunder that is defended and participated in by the United States Congress.
The Fed’s legal plunder has spread and multiplied, and developed into a worldwide heist.
Abolish it, or live as slaves.
says it all.
http://usawatchdog.com/if-bullion-were-not-a-threat-government-would-not...
SKIN THE BUMS!!!!!!
SEC Response: Huh? What?
Second SEC Response: Go away! Batin'!
OT: i feel like i'm stuck in a video game that has no rules, no weapons available and no exit anywhere.
So do Afghani children when they hear a drone.
But we are not talking about Mafia......
We are in a bull market. Plain and simple. It is a complete fabrication of what will soon become the greatest bubble in history and will end in pain, but just fucking buy it. Think and live Austrian economics, but trade like a insane Keynesian. Own guns and gold, buy stocks, go to church and avoid liberals.
How about instead of going to church, we just build gas chambers?
Comments like this lead in a direction only sociopaths would approve of.
I bet Goldman is magically long gold by September, too.
Amazed people continue to fall for it since they haven't had a correct call since 1942.
Let me guess ... timeshares in Pearl Harbor?
Looks like the sharks are all starting to turn on each other. I wonder who is on what side in the sandbox over there.
Maybe Elizabeth Warren is on the warpath and threatened to use her black strap on on some people.
Inquiring minds want to know.
Fed Releases Names Of Early FOMC Minutes Recipients: JEWS
Not only do they get taxpayer money to gamble with, they get the scores on the sports betting before anyone else, and get a peak at the dealers cards at the blackjack table.
RIGGED CASINO!
i wonder if the people with IQ of 50 "get it" now.
The problem is the people with IQ's over 130 that are scratching thier brains.
The Recipients. "Thought it was a late April fools joke. That's why I forwarded it to the traders for a laugh. Wasn't my job to check with the Fed."
Brian Gross, "I was watching Porn and got over excited and creamed the enter key by mistake! Can't help it that I have a heavy load"
Is the US military too stupid to realize gangsters are running the country?
Well it is a all volunteer force so that does explain the stupidity. But shit didn't the fucking generals go to school? They all can't be that fucking stupid, ah fuck it they are that fucking stupid.
What a waste of a country. RIP America you had a decent run until the criminals took over.
"And remember, where you have a concentration of power in a few hands, all too frequently men with the mentality of gangsters get control. History has proven that."
"The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks."
John Dalberg Lord Acton
“The men that American people admire most extravagantly are the most daring liars; the men they detest the most violently are those who try to tell them the truth.” HLMencken
The military generals are all bought and paid for. Any insurrection will come from the rank and file members.
The military people are trained to destroy life and property. This is what they do. They are NOT trained in building productive enterprises for trade and commerce, and in multiplying the fruits of the land, and in innovation of labor.
They have not become powerful by multiplying the fruits of the land and by innovation.
In post-WWI Germany, the high command would NEVER admit to gross fiscal mismanagement. They simply blamed the political regimes for lack of funding.
The Banksters are alive, they can destroy them. The banksters banks are their property, they can destroy them.
The gold that they stole with fiat they printed from thin air is confiscated and all other criminal wealth.
Simple.
NONE OF THE PEOPLE ON THE LIST ALERTED THE FED THAT THEY RECEIVED NONPUBLIC INFO A DAY EARLY
Odd, isn't that? What do you want to bet that this wasn't Brian's first "leak"?
If they had received the minutes via an un-friended Facebook page the S.E.C. would be all over it...so they could say three months later it was "O.K." after all.
or if it interrupted their viewing of porn......
"shocker" - Roll the motherfucking guillotines already, nothing changes otherwise. Fraud is the status quo, possession is the law. The same suffering that was forced upon the generation that fought WWII will be unleashed a thousand fold on their grandchildren. gdiamond22 nails it.
LaGarde and Bartiromo talking in circles on CNBC.
No talk of morality or ethics, just money, money, money (other people's money).
"The U.S. needs to reduce it's debt, but the QE must continue."
"Banks need to increase capital and reduce risk, but central bank liquidity must continue because banks need to hedge."
In other words, save the banks with taxpayer money, provide liquidity to banks so they can keep gambling ('reducing risk'), and impose austerity on said taxpayers and cut already taxed and promised entitltments so we can save the banks, who we are giving more money to so they can gamble more.
Round and round and round...
Has Bartiromo gone down on LeGarde yet? Or does she reserve that privilege for Citigroup members?
Now I need a stiff drink to erase this image from my brain.
This has been going on for decades.
BTK was killing people for decades, but they still threw him in jail when they caught him...
I am certain, I am in HELL !!!!!
just wondering if this is treason? fuck'n with da monetary system is a sure threat to Amerika.
The Untouchables
All your money are belong to them
The stock market is designed to fleece as many sheeple as possible. A total scam from top to bottom. How much more obvious does it have to be?
comfortable enough to just open up and tell you they are wiping their ass with your future
They didn't need to name the banks. They could have just said "cocksuckers" and it would have summed it up well.
Looks like we're going to need a few dozen nooses. Ahh, if only Americans would get off their asses and rise up. We need an American Spring, but what will be the catalyst that stirs a populace of fat, lazy office workers hopped up on prozac to outwardly project their anger in a way that could potentially bring them harm?
Dow 3,000
Obamacare....
Thought so. Gave them time to prop up the Market on what should have been bad news.
Anyone notice the IBM and FDX upgrade this morning? They knew that would move the Market up.
Thanks, now you know which stocks will never go down permanently...okay Lehman was kicked out of the club for whatever reason.
Can someone please explain to me what the fuck Honey Boo Boo is? I'd google it, but I'm about to put on my tennies and go for a run. Life is more important than checking the comments section half my day.
Well Sacre Bleu and MF Global me down; what? and the public is selling all the way?
what they buyin the bullish BS home investor story, ? LOL.
quick offer some more $ 1 trillion student loans at 6% and 10 Million car loans 10 year payoffs....at 0 %...
FHA, bk all the way
Is there anyone left in America that isn't corrupt?
A few amish, or such folks. If you're lucky!
On Monday I saw a Mennonite family together. Great looking family of Dad, Mom, 4 kids....and a ton of love among them. They will survive!
Thank God for southeastern Pennsylvania. The whole state has at least some Amish groups and some Mennonites in pockets. I don't know where else they live. Pockets of Missouri? Indiana? Ohio?
I wouldn't call the Amish lucky after seeing this news about serving life in federal prison for doing what Mitt Romney admitted to doing as a hate crime to someone who later suicided:
http://www.google.com/search?sourceid=navclient&ie=UTF-8&rlz=1T4GGLL_enUS368US368&q=amish+life+prison
So, bad news is good news, and good news is bad news.
Therefore, releasing mintes early to banks and CONgress meant that some hawkish talk of cutting back on QE would mean a down day in the markets, which would increase shorts, which would lead to a short squeeze.
If you got the minutes early and knew how to play this you would go long because the shorts would pile in and get squeezed even though the minutes were hawkish. Tonight you will be short (no, that isn't advice).
All news is good news, and no news is best news!
So Goldman, JPM, HSBC, Barclays, UBS, as well as Citi and Nomura.
Well, you can add Deutsche to the list straight away, and Bank of America, and Morgan Stanley, Wells Fargo and Credit Suisse. Throw in RBS and SocGen.
Its a bit of an obvious list really and a lot longer than this.
Meanwhile, YUM same store sales in China down 13%.
Is it sick chickens and floating pigs or could the Chinese economy be not so great?
Or both.
The SEC will clean this all up.
We know this privilege has been going on for a long time. What's surreal is that now, today, this "behavior" has moved into broad daylight, with impunity! Remember these days, my friends, when our posterity asks us about this incredible era in financial history. We're living it!!!
Methinks your posterity will be asking you why you allowed our world to be plundered and then destroyed.
And they will be right to ask the question! But it is a naive question, as they will learn, over time. For such is the way of the world, and a burden.
Store up riches in Heaven.
All dead men walking.
Not even trying to hide it. It's hilarious - there isn't a single person with a megaphone even inclined to ask "WTF is going on"? Not one pol, not one journo, nobody!!!
The market had to be up today. If not and it fell, claims would be made that Goldman and others profited by the eraly release.
Hey ZHers,
As a former risk manager for a certain large financial entity, I am going to be writing a book about savers and takers. Please don’t be shocked if I say it will be critical of certain aspects of our current financial system.
The general outline of the book will be that an upcoming struggle is emerging in civil society. It will be between those who have money but lack the political and financial power to defend it, and those who have the political clout to take it.
The savers and the takers.
This will happen because the capitalist system has been turned into a financialist system. The economy is no longer served by the banks and financial institutions. We are now at a point where the banks force the economy to serve them. Those who benefit are the financial class, their servants in the political class and the large international organizations such as the EU, the IMF and the World Bank. Those who suffer are the rest who are trapped in the system and cannot find the means to escape it – but they do have small amounts of saved money or equity.
Who are the savers? In short, it is those people who look to their own future and have taken decisions to set aside “value” from today and hold it for use tomorrow. This includes those with savings deposits, pension funds (401K, RRSP, ISA etc) and those who have equity in their homes. It also includes those who hold small physical amounts of precious commodities such as silver, gold and palladium.
The takers are those governments with unsustainably high debt levels and high levels of unfunded future liabilities. In cooperation with them are the major international banks that have over leveraged themselves as well as supra-international institutions such as the EU.
This meme – savers and takers – will shape much of the political and economic discourse over the next few years. The existing examples of where this has occurred have been Greece, Spain, Ireland and Portugal. How this all plays out is not clear, but there are lessons to be learned about the limits of the individual and potential social unrest.
You can see the rest of an article which describes the outline of the book at: http://tinyurl.com/dxsqjbe
or at
http://economicsfortherestofus1.blogspot.ca/2013/04/savers-and-takers-new-fault-lines-and.html
If you have any comments, ideas or whatever, feel free to leave comments and I will try and answer them. Send the URL to friends if you think this is a worthy project.
The Honest Ex-Banker
Here, Here!
Neo-Feudalism on the global scale? I have this feeling in my gut that there will be a global reset among global players with the need to do so. The wee folk will share in the massive asset devaluation.
Good luck with the book!
Moto, I would thnk that you would have plenty of fodder for youer book. Good luck.
The essentiaql issue is that the left wing facsists have put tyhe community organizer Obama in front of free men to deflect any criticsm as "racist" as a prima facie. The class struggle rhetoric follwoing that is just spreading the defense. The Fed, under the immoral Bernanke, controls not oly the price of money, but incredulously the fiatcreation of the currency unti as well.
In frist position to reap the rewards is the vile MSM. Savers and takers defined is one thing, laying out the scenario where the savers don't let the takers take is going to be another.
NONE OF THE PEOPLE ON THE LIST ALERTED THE FED THAT THEY RECEIVED NONPUBLIC INFO A DAY EARLY
This is the most incredible part of all. Kind of makes you wonder if this was really the first time, or whether someone just blew the whistle this time.
"Seriously honey, I was a virgin. I learned it all from that porn video I gave you."
Its not insider trading if you press send to all
So if everyones guilty of insider trading, does it still exist?
Of course not, and since it is not meant to harm anybody (of the insiders) it even is legal.
This is all certainly outrageous but it's not until confidence is lost and authority is pulled from the grasp of all central planners and put back into the hands of the public. Yes, this means chaos but so be it! AMEN!
Why hasn't Drudge put this up in large font?
NOBODY REPORTED THEY RECEIVED IT EARLY???!!!!!!!!!!!
WHAT A BUNCH OF LOWLY CROOKS !!..
NO FINE WILL EVER STRAIGHTEN THEIR ETHICS AT BANKS.. HOPING SOME WILL GO TO JAIL FOR THIS.
WISHFUL THINKING I KNOW...
They cling to their lives, can't blame 'em for that ....
That "preferred customer" list might piss a lot of people off who think they should be on it.
Damn, this is why the market was up t oday. If you sold on the news (FOMC) yesterday, you were a FOOL.
what law firms?
So, will Obummer force Bernanke to resign? Or will the smell of this fecal matter just waft through all 50 states?
Somewhat related, and interesting if true:
"Posted on April 9, 2013 by Armstrong Economics
If anyone ever wondered why you just cannot do business in New York, is is the proof. They illegally trade with client funds, lose a ton of money at J.P. Morgan, outside of New York, if someone steals your money and bet it on red at the roulette table in Vegas, as a matter of LAW the casino MUST return the stolen funds since they never had title to them. In New York, the laws simply do not apply if you are a bank.Here is the settlement for M.F. Global Customers. To get their own money back at a discount no less, they must agree to let Corzine off the hook and J.P. Morgan and this is approved by a Federal Judge who is suppose to be impartial.
Corzine Settlement
http://armstrongeconomics.com/2013/04/09/mf-global-customers-get-paid-if-corzine-jp-morgan-walk/
Let's blame italians and mediterraneans again for their culture of corruption.
They are so stupid that still consider corruption as illegal.
We are a lot smarter and moralistic in USA: Corruption is .........LEGAL.
Silly comment, ekm, and you appeared to be brighter than point scoring inaccuracies.
It's not what you know.
It's not who you know.
It's who you know telling you what you know when you need to know.
Cases of H7N9 bird flu rise to 33 in China - 9 dead.
http://www3.nhk.or.jp/nhkworld/english/news/20130410_42.html
That's some good old fashioned price discovery there homey.
The market had to be up today, and huge. If it would have sold off, and with yesterday's late afternoon tape action, claims would have been made that Goldman and others had advance notice and profited handsomely by getting out early. The Fed did not want to be in a position to defend themselves to the billions that could have been made by those receiving early info, so they pumped the equity market to put the fix in.
Anyway, I can't stand the Federal Reserve and that is how I see it.
So, today GS and JPM and others probably sold into the strength.
And what happened to that fat N.Korean poontsy. His mother already put him into bed this evening? Fk I had my storm drain scoped out and my backpack ready. That whole thing was a Hollywood hoax to sell that stupid ass movie Olympus has Fallen. They should have named it Olympus has Fallen Asleep.
no Socgen & Moody's ???
Someone must be very angry with the Fed to expose its early release for special interests. Only a credulous person would think yesterday's early release was abnormal.
The Fed's only job now is to cover its exposure.
It was an honest manipulation mistake, get over it.
I think the question to ask is
why is there even a mailing list?
While I appreciate zero hedges reporting, this is truly becoming absurd. I sometimes wonder if you ripped the face off of a banker, what kind of reptile you would see underneath.
I love how people of all walks of established political life on my twitter feed were SHOCKED by this news.
I sometimes wonder whether being the smartest person in the room is just another euphemism for: "The guy who wasn't dumb enough to fall for what everyone else is saying".
I bet if you ran a list of people trying to cut Social Security and other benefits, and cross referenced it with this list, you'd find ALOT of hits.
baskets w/heads. lots of them.
Ignorance has spread so far and wedged itself so deep into the minds of so many people that when they are told that they are being robbed and that the people that are robbing them have not been nor will be held accountable, they neither know nor care to know anything about it. That's the harsh reality of where we are at, you are either one of the ignorant, taking advantage of the ignorant, or sitting back watching the whole thing take place.
It's one big club, and you ain't in it!-- George Carlin
Actually it's a small one. Us common serfs are part of a far bigger club....
Maybe it's ALWAYS been like this.
Have to admit I've not had time to read news items related to this, but I'm having trouble understanding all the hullabaloo. Of course the minutes shouldn't have gone out early, but given we ended up rather smartly yesterday, and the Dow first rose about 15 pts after the 2:00 crime before falling off about 35 toward the close, then we ramp 100+ today, I'm not sure where the smoking gun lies with respect to the trade the e-mailee's allegedly took (?). If we'd gone quickly 100+ either way at 2:05, then there'd be more of a case. Am I missing something, or is this more like finding out an academy award winner in advance than hearing about Mickey D's earnings ? Learning about Bernanke's secret favorite color would have provided a better trade advantage Tuesday than these same-old-with-a-slight-twist minutes, if not it would have been baked in before 4:00 yesterday, and less ramp today, no?
Copyright ©2009-2013 ZeroHedge.com/ABC Media, LTD; All Rights Reserved. Familiarize yourself with our legal and use policies every time you engage the site: they're updated constantly without notice.
ha! IOW make sure you know all the rules because they're constantly changing. That's freaking beautiful.....but I thought there were only 8 anti-dynamic rules of fight club. And this, ZeroHedge.com/ABC Media......this is not fight club. ZH was on drudge today. I bet they got a nice click through spike.
When will the people revolt?!
When will America start embracing the Ghetto rap of a 48 year old white man?
My dick is humungous
It's covered in fungus
from pokin' all dem hoes
dat be livin' amongus!
My name iz Dik Guzinya
By yo tonsils I will pin ya
I'll clog up your esophagus
Like Mr. Snuffleuffugus!
How long until you hear this on the radio?
so unbelievably bad only zerohedge thinks its newsworthy
tyler! tyler! tyler!
what would the last years have been like without it
Of course the result of all this will probably be a chinese-like internet before long. The criminals just aren't going to stop until THEY HAVE IT ALL.
Why isn't his news in flashing red highlights at the top of Drudge?
because nobody has reported the link to drudge yet.
I do believe that I am the first to clue drudge in to The Employment Participation Rate Chart that I first saw here on ZH. Drudge links increased exponentially after that.
Be a Do'er, not a follower!
A big law firm should sue, class action style. C'mon, have the balls. Be the case of the century, bust open the NY FED audit them. Follow the money trail, no mystery where it's ending up.
They'd have to bring the case in a neutral venue like Antartica.
This is yet another " Super Bullish " news.................Bankers who deserve this " Bonus News " to put the market in fourth gear and crossing all the RED SIGNALS .... showing middle fingure to all the " Doom and Gloom " loser community. Their losses are touching to the mount Everist with no hope of recovery.
Another 100 points rally tomorrow ..............Keep whinging.
FYI -- Anyone at those firms that got the email and should have forwarded it immediately to compliance - so they could inform the Fed and make sure all information is then sent around - makes the ENTIRE firm subject to insider trading violations. According to law, once made aware of the "leak", all trading at the firm should have been suspended until the minutes were released - This is standard stuff. Really Ugly if it was not reported. In fact, the SEC should investigate if anyone at the named firms forwarded email to any clients.
Yeah...like THAT is going to happen.
law?
where you been?
Wouldn't it be shorter to list who didn't get that email or contents of it?
Beyonce and Jay-Z on that list?
I'm actually starting to miss George Bush's puny 600 billion dollar budget deficits, and his abhorent 5.6 GDP.........
Its a big club, and you ain't in it. They own all of it. http://www.youtube.com/watch?v=i5dBZDSSky0
Whaaaaaaaaaaaaaaaaaaaat?
And you down arrowed me too?
http://www.cbsnews.com/video/watch/?id=7411992n
As if this incident wasn’t bad enough … there are plenty of cases of our own Congressmen trading on inside information.
“60 Minutes” ran a piece last year detailing many instances of insider trading by our elected officials in Washington.
Source:- Uncommon Wisdom
http://www.dailykos.com/story/2006/01/18/179473/-Breaking-Daytraders-in-Frist-and-Delay-s-offices
I'm starting to get pissed off...
This is #uckin crimminal. No two bits about it.
Putting this aside, are you detecting some serious social discourse beginning? Now Christians and Catholics are considered hate groups??? This is how fascism begins...
Nevermind