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Fed Releasing Minutes Early Due To Early Release To Congressional Staffers And Lobbyists
This shocker just hit the tape:
- FED TO RELEASE FOMC MINUTES AT 9 A.M. VS SCHEDULED 2 P.M.
- FED: MINUTES MISTAKENLY SENT EARLY TO CONGRESS, TRADE GROUPS
So the Fed now pre-releases data to US politicians ahead of everyone else. What else does the Fed leak to those for whom frontrunning is still legal? And as if we needed more confirmation, the market is now officially a complete circus.
Oops. The Federal Reserve accidentally emailed the minutes from its March meeting to about 100 people a day early.
While no major news was expected to come from the minutes, they are nevertheless a key document that can move markets from time to time. Wall Street players often dig deep into the minutes for hints about when the central bank may pull back on its bond-buying policy or raise interest rates.
For that reason, the minutes are usually highly protected by the central bank and their release is supposed to be executed carefully.
A Fed spokesman told CNNMoney the mistake was "entirely accidental," and it was a "human error," not a technological one. The roughly 100 individuals on the list mostly included Congressional employees and employees of trade organizations. They received the minutes shortly after 2 p.m. on Tuesday.
After discovering the error this morning, the Federal Reserve decided to release the minutes to the broader public at 9 a.m. Wednesday.
At this point, it's not clear whether any trading took placed based on the early release, but the Federal Reserve Board's Inspector General will conduct an initial investigation of the error.
"We will be working with market regulators, the SEC and CFTC to insure they have the information they need to evaluate the incident," a Fed spokesman said.
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Fuck u Ben!
Arrest these bastards!
and change the laws regarding congress and insider trading!!!!!!!!
Premature extrapolation?
hahah change the laws that the law makers make. Thats a funny one. Revolt is what you mean?
I got my minutes last night, what's the big deal?
Uh, who would have to pass that law making congressman subject to insider trading?
Listen Mo-Fo,
Let me tell you how we "make law" down in the hood
Oh, I hear ya (and +1 too). Just let me know when the bankers and congress fucks arrive in the hood. 'Cause the way I see it, we're just on one giant plantation, harvesting debt for these fuckers.
"What else does the Fed leak to those for whom frontrunning is still legal?"
Better question is what else does the Fed leak to those for whom frontrunning is ILLEGAL.
I can't wait to get trading alerts from Ben in my morning email.
Sounds like they are getting more and more confused. Losing control?
Confusion is often corruption dressed in camouflage.
Absolutely,
The Global Criminal Cabal (Bankster/Intelligence) Crime Syndicate is all about PsyOPs and Political Therater now.
"Economic data better than expected." The Fed
LOL.
The important thing is, clowngressional lobbyists and other cretins got their front-running info.
The really important thing is...the crime spree flowing from The Fed to Congress and other privileged folk is now quite obviously clear [for those who have been on the fence about whether or not this whole Federal Reserve thing was really a good idea].
wow... big fucking suprise...
I have also suffered from early release!
Frikkin' clown show. WTF!!!!
It all to help the economy...at least the economies of the congressional staffers..I am sure they ran to their TDAmeritrade accounts and traded
Gonna be unexpected news. Chaos in the market ahead....
So congress has already front-run the minutes, bastards. Same as it ever was.
"leading to a sell off and a sudden drop in IPO activity as well."
'...oopsie...'
I remember when they used to try to hide the fact that they're fuc#ing the rest of us.
Yea they don't even care anymore, they're so full of hubris they now just say 'What are you dirt peasants going to do about it? Go fuck yourselves'
"We the people" are so beaten down over the past 70 years that they could come into your house take your food, cloths and money....beat the shit out of your wife and kids and the response would merely be
"well it's the goverment, what can i do...i am merely one and they are all powerful"
I keep saying this but no one listens:
The real power "we the people" have is our spending power. If "we the people" collectively decided to not spend money for only 9 months (the time it takes to have a new child - 3 quarters) on anything but the bare bare essentials like food and water and only commuting to work gas (no clothes, no toys, no new gadgets, no new cars, no new houses, no accessories...etc) the system is crippled and "we the people" can send a message to poilticians, lobbyists, corporate executives who get paid 10's of millions to bankrupt companies and walk away with golden parachutes that it's time for "real change" and the status quo will just not do.
Who the fuck am i kidding.....go max out your credit cards you sheep
You can tell how confident a government is in its control of its people by how hard they try to hide their coruption.
Weapons and information, control those and the game is over. Gun control and cybersecurity, front burner issues of a bankrupt government.
They seem to have left off the word Banks on the list of who received the early release. This explains that massive upward push that happened at 8:30 in index futures
As if goldman, who just said to short gold, and sell treasuries, did not have this release early.
I'm starting to lose faith in the markets.
LOL
They mistakenly sent material market moving data to politicians early OR they were caught this time?
I assume the latter.
Yes its the latter, "They were caught this time", and this isn't the first time
every so often this happens and the usual excuse comes in
Transparency.
NOT!
Thanks to Obama... whatever transparency was left... TURNED CHARCOAL BLACK!!
http://m.youtube.com/#/watch?v=zyu2jAD6sdo&desktop_uri=%2Fwatch%3Fv%3Dzy...
.
A 5 hour window. Even a fucking Congressman should not be able to fuck that up. Guess that's why they all leave as millionaires.
that explains the 9 am gold takedown.
Rumor is that GS and JPM already have the release.
GS and JPM probably wrote the damn thing.
last year...
They had two hours before the close yesterday to make their front running moves....what a fuckin scam
Does anything else matter, when bitcoin value is increasing at 10% per hour?
Stick save idea:
Change the report for 2:00 pm and claim the first one was part of a sting operation. Yea, that'll work.
So long Clarence Beeks.
"the market is now officially a complete circus."
HEY!!! NO Shit??????
The Delusion in Thief wants a mere $3.77 TRILLION budget....so at least we got that goin for us....it's 'for the children' you know...
Don't worry, the Republicans will fight like a mad pack of wild dogs to subdue Obongo's budget, wrestle it down to the ground and in the end will counter with a 3.87 TRILLION dollar budget that will be called DRACONIAN CUTS by the MSM and the party bus will continue screaming across the desert floor towards the Rio Grand Canyon.
The economy is experiencing an OIL SHOCK, a slow one.
I was strongly thinking that they would stop QE during the last meeting and it's clear that it could have happened.
Two options left:
Either let the real economy die
or let two or more primary dealers die by defaulting on derivatives due to stoppage of QE money.
I suspect you know in fact very well, that the only option "they" would ever consider is to let the real economy kick the bucket.
Not sure.
pretty sure.
Then again, so what, since Goldman probably wrote the minutes and typed them up last night.
they make decisions, budget allocations etc. for the good of the country. it is only normal for the lawmakers to have some advance notice. a few hours ahead of every blogger in the planet is only normal. anyway, this is my view, i can see most others think differently.
+1 for normalcy bias.
Is anyone here really that surprised?
LET S BURN THE OLIGARCHS !!! THAT S THE ONLY WAY, THEY SURE AS HELL WON T LEAVE YOU THEIR SEAT !...
I love the term,"eliminate with extreme prejudice". It has such a nice ring to it! Lets see,where did I put Guido`s number?
It's Fed O'Clock....do you know where your equities are?
Word is that S.S. has been monitoring the early release of FED data to Senators for some time now...
S&P closing in on gold again.
How does one accidentally release information eariy to only a select group of people that are likely to benefit from it? Do they often only send it to certain groups? Aren't there controls in place that would prevent the document being released before a given time?
Or is more likely that someone got caught sending it out early on purpose? Seems like bullshit to me.
Circus? More like a free rape zone.
Of course it wasn't by accident.
How many calls go out from Bernanke and the Fed to Goldman and JPM before the release?
Pre-release "costime failure"? Suspicions confirmed: It appears that the governing class takes care of themselves after all.
Obscurium now joins governmentium and unobtanium as Statist minerals.
The surprise here isnt that the minutes were relseased early to a select group, (as that probably happens more than we care to know), its that someone on the inside screwed up and the leak was leaked to the plebes. No doubt the culprit will be found and their membership to Congressional country club will be revoked.
I'm shocked - shocked! - to find gambling going on in this establishment
Bad unpaid intern! Bad! Bad! Now get me my coffee, bitch! *kick in the ass*
Seriously, though...I wonder why they have decided to acknowledge this of all things? Strange times...
The policians are nothing more than employees of big corporations. By law, they should wear sponsor patches while in office and 5 years thereafter. Same for staffers. Hell, there is talk of cops doing just that in efforts of raising more.
The twit who is replacing Jesse Jackson Jr, himself a specimen of humanitarian & equal rights </sarcasm>, was bought by bloomberg. In the 30's/40s that would have caused a mafia war, between the NewYork Branch and the Chicago Branch of the Family.
The sad truth is, we are the damned idiots for having allowed it to get this far. Yes, those fuckers would try anything, but the bigger question is "why do we let them"? Look no further than the fucking illegals: they have the balls to march on Washington for "rights", why we .... do what? Bitch that AZ is too strict in its laws?
Obviously they "released" the minutes to counteract the plunge that the algos were taking on ES when BOJ said that their QE had done it's job. All news "releases" are for the benefit of Computer algos.
Since this message wasn't intended to be sent until later in any case, the notion that this was an error doesn't pass the smell test.
I'm also wondering why there is an address list comprised of Congressmen and lobbyists??
If the Fed's release this information now what will ObamaCare release to the private section on us?
A TIME TO STAND by Oliver is a must read now. "Privacy = Conspiracy" is what the USG thinks about us. Read the book & see what is about to happen to each of us. It's provocative so I recommend it.
It's not revolution that causes change....it's change that causes revolution.
This is anarchy