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The Fed's Inspector General Is On The Mysterious Case Of "The Early Leak"
Concerned the Fed believes in an Animal Farm market, where those who can legally trade on inside information are more equal than others? Don't be: The Fed's Inspector General is on the case...
The @federalreserve's inspector general is conducting an initial investigation #EarlyFedMinutes
— Annalyn Kurtz (@AnnalynKurtz) April 10, 2013
A @federalreserve spokesman tells me, the Fed accidentally emailed its March minutes to roughly 100 people yesterday, shortly after 2 p.m.
— Annalyn Kurtz (@AnnalynKurtz) April 10, 2013
Surely all those responsible for the "accidental" email will be swiftly and brutally punished, although it is unclear for what: maybe not leaking today's S&P closing price yet?
For those still confused, CNN with the full story:
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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tooo funny lol.
Bernake blowing his load to early i see.
And who will be investigating the investigator? That's where it really gets dicey....
A head fake of a head fake to announce they shall continue to print
and interest rates will be at 0% due to gravity?
I'm shocked and surprised.
WE NEED AN INVESTIGATION!
Is Ben Bernanke the inspector general as well?
Put the CFTC on it......it will die of old age.
This is the Fed Chairman's table...
http://www.zerohedge.com/article/ecri-declines-again-pass-below-double-dip-10-threshold-again#comment-562073
Fri, 09/03/2010 - 11:41 | hedgeless_horseman
Fundamental analysis? Earnings? Technical analysis? Charts? We don't have a prayer when Ben has his finger on the button under the table.
You can take the ghosts of Graham, Dodd, Edwards, and McGee, as well as every CFA on the planet to manage a portfolio. I'll take one insider at 33 Liberty and my performance will wipe the men's room floor with your's.
Bernank is the guy under the table with the magnet controlling the game, never a losing roll for him eva.
No longer under the table...remote fucking control!
The Bernank can afford the best, as long as it is priced in dollars.
I wonder how much those profit was made by those 100 people that received the ealy mail...just sayin'
Software glitch in the e-mail server. Nobody to take the blame.
Remote control is so yesterday
http://www.explodemail.com/
But hell even that ain't needed, the Fed just says Make it so and it is done
"And I promise to never ever do it again."
Oh, great. I feel so much better now. While they're at it, would they mind investigating themselves for treason?
Where is she ,why is the tweet in the future?April 10 1:57PM????It's only 10:38AM now
Attending Thatchers going away party maybe.
Who else leaked it? I know, its Scott London. That bastards getting scapegoated bigtime.
OT, but a letter well worth posting
"Dear Senator Cornyn,
It is with gravest concern that I write to you today concerning the recent appropriation of weapons by the Department of Homeland Security (DHS) that can only be understood as a bold threat of war by that agency, and the Obama administration, against the citizens of the United States of America. To date, DHS has been unwilling to provide to you, the elected representatives of the People, justification for recent purchases of almost 3,000 mine-resistant ambush-protected (MRAP) armored personnel carriers, 1.6 billion rounds of ammunition (with associated weapons), and other weapons systems, when, in fact, the DHS has no war mission or war making authority within the limits of the United States of America.
Significant is the fact that at the same time the Obama administration is arming his DHS for war within the limits of the United States against the People of the United States in accordance with his 2008 campaign speech claiming,
“We cannot continue to rely only on our military in order to achieve the national security objectives that we’ve set. We’ve gotta (sic) have a civilian national security force that’s just as powerful, just as strong, just as well funded [as the United States military]”–Candidate Barack Obama, 2008.
The Obama administration is deliberately defunding, overextending, and hollowing the Department of Defense; the only legitimate agency of the U.S. government with a war mission.
This act of the Obama administration stands as a glaring threat of war against our nation’s citizens! This act of the Obama administration can only be understood as a tyrannical threat against the Constitution of the United States of America! If left unresolved, the peace loving citizens who have sworn to defend the United States Constitution “against all enemies, both foreign and domestic” are left no option except to prepare to defend themselves, and the U.S. Constitution, against this Administration’s “coup” against the People and the foundations of liberty fought for and defended for the past 238 years. We have no choice if we honor our oaths.
The only proper response to this threat against the American people is for the representatives of the People, the members of the U.S. House and Senate, to demand in clear terms that the Administration cannot ignore, that the Department of Homeland Security immediately surrender their newly appropriated weapons of war to the Department of Defense (DoD). Further, since the DHS has assumed a position in the Administration to enforce the tyrannical acts of this president against the People of the United States against the limits of the United States Constitution, it remains for the United States Congress to exercise its limiting power in the balancing of powers established by our founding fathers, to disestablish and dissolve the DHS as soon as possible. One needs only to look to the rise of Adolf Hitler, and his associated DHS organizations, the SA and the SS, of 1932-1934, to see the outcome of allowing an agency of government this kind of control over the free citizens of a nation. The people of Germany could not have imagined, until it was too late, the danger of allowing a tyrant this kind of power. We must not be so naïve as to think it will not happen to us as well if we remain passive toward this power grab by the Marxist Obama administration!
Finally, for more than two centuries the nation has lived in peace at home because of the protections of our legitimate military and the many appropriate state and federal law enforcement agencies, supported by Constitutional courts. We stand today at a cross-road. Will we allow this present Administration to overthrow our United States Constitution and its legal processes to amend injustices, or, will we honor our obligations to defend the Constitution against a “domestic” enemy? Our Constitution lays out the proper methods of resolving our differences; and it does not include its overthrow by a rogue agency of a Marxist leadership at home. You, sir, are our constitutionally elected agent to defend our Constitution at home. We are counting upon you. We remain aware, however, of this present threat and will not expose ourselves as an easy prey to the authors of the destruction of our nation.
I know that this letter demands much of you. We elected you because we, the citizens of the State of Texas, believe that you are up to the task at hand and will, against all threats, honor your oath and office. We are also writing to your fellow members of the House and Senate to stand in integrity with the Constitution and against this present threat by the Obama administration and his DHS.
We refuse to surrender our Constitution or our nation!
Resolved,
By the way he is at the moment not supporting the fillabuster on gun ban. He must leave in the next election. I always have to call Cornyn on issues that should be obvious. He needs to be voted out Texas!
Yes I agree.... from another Texan
Funny , but they got the wrong agency, the rights they think they have are not going to b taken away by DHS , but instead by the Dept Of War via the intel services.
Dhs is just a jobs program for would-be welfare goofs.
They do have you looking in all the wrong places though.
Peace at home for two centuries, which two would those have been?
Who wrote this tripe , your homeschhoould two year old?
http://www.thegatewaypundit.com/2013/03/retired-army-officer-dhs-must-surrender-their-war-weapons-to-dept-of-defense/
There's the link to the story. The DHS has the 1.6 billion rounds of illegal to use hollow point, I don't think the guy is looking in the wrong direction at all. Fuck you BTW.
hollow points against the Geneva Convention .... but must be ok for domestic use...
Oh man I hope you didn't send it. Everytime a send them a letter the only respose I get is added to their mailing list that addresses nothing. I call em and talk to the aide that says "I will communicate your concerns to.............Thank You for calling".
I try to see them but they are never availble.
I still pay them however.
Cramer and LIESman are his fluffers
they need to call inspector clouseau stat. They could then find Nicole's real killler, and deal with the silver manipulation case.
If anyone needs me I'll be in the corner holding my breath.
It is a little odd that it's called "solely human error" but "no humans are named." repeat after me "cover your ears and start shouting I CAN'T HEAR YOU!" until everyone goes away.
Ya, funnier SEC will give them a wristslap + fine, neither admitting nor denying lol
A tape of the fed's recent meeting has been released, but very little can be heard beneath the chuckles and guffaws... digital enhancement revealed some sort of code language , only a few words could be made out: "muppets" "goyim" "cattle" "horsemeaters".
This IZ Chief Inspector Clouseau speaking on the pheaun
How can a blind man be a look-out? How can an idiot be a policeman?
Fill out the application. Sounds highly qualified
What would the Iranians do? Or the Chinese?
Buy more gold to destroy the enemies fiat reserve currency...
FOR FUCK SAKE!!
WHO TOLD THEM WE TOLD YOU???!!??!
http://24.media.tumblr.com/tumblr_lodph06Pd51qfcygro1_250.jpg
what a smear on the FED's perfect track record...
THANK GOD THE FED HAS NO OVERSIGHT TO ANYBODY!!! ANYBODY!!
So someone is frontrunning the frontrunners.
Just not fair.
They got the info at 2PM yesterday and instead of the 3:30PM ramp up, there was a decline.
Purely coincidental I'm sure which is how they discovered the leak.
Kevin was pumping like he does every day but it wasn't working yesterday.
they're LAUGHING at us.
Yeah.....that's pretty normal.
Carrie got the last laugh.
http://www.youtube.com/watch?v=KD0EUQnElEE
They will be tracked down and given a job at Goldman where they will recieve lifetime bailouts.
I was already worrying quite a bit, so good to read a Fed inspector is on the case !!
He should have his own TV series.
yawn. Until the people hang these mother fuckers don't expect justice.
I am confused as to just what power this chick actually has.
I mean, the FED is PRIVATE, is it not?
My fucking head hurts and nicotine is no longer allowed. So lets just burn the whole fucking place down?
I promise I won't inhale it.
pods
Its just for show to make the dumb fucks believe someone is looking to protect them and the unfree market.
I will bring the gas. Got a little left over after mowing the lawn.
I have a little leftover gas from the cabbage I ate for dinner last night that I'll gladly contribute.
Oh shit, we got a flamethrower now boys. lol
Public knowledge and tradeable, I would say. Metals didn't do anything at 2 p.m. yesterday.
"Until the people hang these mother fuckers don't expect justice."
MOTHER FUCKING "A" RIGHT!
"yawn. Until the people hang these mother fuckers don't expect justice."
Up 10,000 and some rope
You want answers we need to call in some meddling kids, Scooby and the gang will pull the mask off this caper.
Experience shows it's usually the guy who runs the amusement park...so I'd start with Bernanke.
Scooby snack for you.
Why? Is it a mystery what the FOMC minutes actually say? Let me leak the next half-dozen FOMC minutes:
1. Blah blah blah blah...we will continue to be highly accommodative
2. Blah blah blah blah...we will continue to be highly accommodative
...
6. Blah blah blah blah...we will continue to be highly accommodative
There is NO OTHER OPTION for the Central Bank.
Aren't these "leaks" a regular occurrence?
Zero Hedge 11/22/2011:
http://www.zerohedge.com/news/fomc-minutes-leaked-early
Right, seems to be normal procedure if anything.
I bet Corzine got the minutes early from Benankle.
Jon's running his own hedge fund y'know.....
Jon's also does a little general inspecting in his down time.
FUCK YOU, BERNANKE!
Hello Mr. inspector..I'm sure this was all a misunderstanding...I'll just push this button and a few digits appear in your bank account. It's been nice talking to you..now I'll have the Fed's private police force escort you out.
With all of these quiiet payments that the Obama Admin is giving and getting.....its no wonder that BitCoin is 250 bid and rising...
Thats why Obama and the Fed have not commented on it...... they are getting their Jamie Dimon slush money paid that way !!
Its all about the faith....and they keep losing it every day it seems...
we will hear back in 5 years
Anybody surprised to see stocks soaring on news that the punchbowl will be pulled?
That's because the market knows the fed is full of crap and the punch bowl will never...ever.....evar be pulled.
We'll see what the Earth Global Central Bank has to say about that.
Friday Humor.
Call in Charlie Sheen. He'll clear things up.
If accidential, they then they should have immediately followed that up with apology and and public release of mintues. even if accidental...any trading on such info is illegal. although i'm sure they'll use the term barley legal.
"any trading on such info is illegal. "
Your point?
Hey Joe...I said where you goin' with that gun in your hand?
I'm goin' down to ACCIDENTALLY shoot my old lady...y'know I caught her messin' around with another man.
Fat Finger leak.
First of many thousands?
"First" Yeah, right.
Well at least theIG can put a blanket of integrity over this SNAFU, by shuffling papers for a week and then declaring the whole thing an accidentl mix up. Nothing to see kids.
I am pissed...oh, but first I need to check on the latest on Linday Lohan.
Probably all planned - watch Ben "step down in disgrace" so he can drop this clusterfuck since it's unravelling sooner than anticipated.
Why did not one of the 100 leakees tell the world that the minutes were out early? All these bastards need to pay with their lives!
why bother? congress immune from insider trading. clearing the decks for the big roll out of "The Grand Bargain" aka as the US Budget (wth is a budget?). risk taken with chained cpi while gop continues to stubbornly fight increases in taxes on "wealthy" is worth it. gop prob wont play nicey and then can continue to be made the scapegoat. if this issue becomes "resolved", body blows to the current administration can quickly be deferred by the "parade of the martyrs". Sandy hook was a terrible tragedy but somehow trotting out the victims/survivors while the doj/ attn gens office sits on documents re: fast and furious seems more like a political stunt.
Obama Accuses GOP of political stunts on guns
http://www.usatoday.com/story/news/politics/2013/04/08/reid-filibuster-g...
Annalyn Kurtz ... is she a relative of Mr. Kurtz? THIS Mr. Kurtz:
http://www.shmoop.com/heart-of-darkness/mr-kurtz.html
Makes me wonder ....
Animal Farm? fuck no....
Try Lord of the Flies!!!
WHERE THE FUCK ARE THE ADULTS?
"the Fed accidentally emailed its March minutes to roughly 100 people yesterday, shortly after 2 p.m." ... all of which were people well connected and no doubt well deserving of insider info and none of which would use it to make profit. Cough cough.
Maybe Inspector General Kurtz should first revisit the case of NY Fed Chairman, and Goldman Sachs insider, Stephen Friedman??? His trading in GS stock, knowing the still secret AIG bailout was to occur, is terribly disturbing.
I hope you are all dressed to the nines like myself while these rat bastards Eff's the S out of us!
I hope you are all dressed to the nines like myself while these rat bastards Eff the effin S out of us!
even the Cramer is hot
Fed's 'Parlor Game' Has Cost Investors
http://www.cnbc.com/id/100630775
So the market-moving info is that the punch bowl might be pulled. And that's bullish? Don't tell me the preponderance of assholes really thinks this is sustainable without bernank!
I am looking at IWM daily and all that keeps going through my head is, "head, shoulders, knees and toes, knees and toes"
Understand the greed. One last push up for them. Next step, create a reason to shut down the internet, keep the exchanges open long enough for the big guys to sell everything. Good luck on the little guy trying to get throught to his brokerage house on the phone!
That's cute. Someone thinks what these people say is either not already known or even matters.
Bill Clinton just fell off the couch when he heard the fed needed someone to inspect her genitals.
I am going to Ancestry.com - Uncle Bob Mugabe has to be related to Uncle Ben Bernanke....
This fiat printing has to be congenital, like a rogue gene or something...
let's see the list.
IIIIII wish I was in the land of cotton...........
I have it from good sources it was Colonel Mustard in the Library
With the gold pipe
"Ma'am, the phone call . . . it's coming from inside the house!"
The Fed's explanation is here, I believe.
http://www.youtube.com/watch?v=lB3fi7opDBc
The rule is, buy until it breaks. Nothing else matters.
These are growning pains for the fed. They typically (no joke) distribute documents via fax. Faxes are typically sent from the mailroom in alphabetical order. Enabling fortunes to be made for the "alpha" firms.
For what it is worth, I hope some of the omega people got a break this time.
Notice they don't release the list of who got the early release. That list will be far better protected than the minutes.
The Fed was just greasing the wheels of this equity bubble.
Allowing these 100 market manipulators to make some money to cover any losses that they may have through the following of Fed's mandated direction to support market prices.
The entire national capitol region is crooked......not just the reps....all of them are on the dole.
Now we know there is one list of 100 people that the info gets released to. How many lists are there and what is the timing on their release and how soon after the fed meeting is the first release.
Who are the "100" [or so...]?
Front running the Fed.... Insider information, PPT, POMO, etc, etc.....
It's all a road map for the elite to continue playing.....Incentives