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"I'd Suggest Not" - On The Editorial "Back-And-Forth" Between Jon Hilsenrath And The New York Fed
Three years ago we wrote "On The New York Fed's Editorial Influence Over The WSJ" in which we observed, courtesy of declassified documents by the Sigtarp exposing the involvement of then-Goldman and New York Fed director Stephen Friedman in relation to his infamous purchase of Goldman Stock so well memorialized by none other than Jon Hilsenrath (a story which made him a Loeb award finalist when he actually did investigative work instead of merely convey messages from the Fed), just how extensive the relationship between Jon Hilsenrath, the WSJ and the New York Fed was. But instead of regurgitating all the minutae covered in the original post (read it here), we will cut to the chase and present the declassified emails between the WSJ team in April/May 2009, and the NY Fed's Calvin Mitchell, then-EVP of the Communications Group, as well as the Fed's internal involvement of the FRBNY's General Counsel Thomas Baxter. We have highlighted the NY Fed "suggestions" - they are self-explanatory.
Why do we bring up Hilsenrath's editorial control by the New York Fed? For this reason:
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This all looks very crooked to me
The conflicts of interest are overt, not even an attempt at covert, i.e. through third parties like any corruption evolved third world Country like Argentina would attempt to do. This talks of the feeling of absolute impunity.
The lessons of Watergate were learned well: it's the coverup that gets you, so don't bother covering up!
Ummm... are you aware that the "coverup" was the entire purpose of the whole exercise?
In other words, Watergate existed for the sole purpose of taking Nixon out of power. The fact that the subpoenas submitted by the prosecutor were for SPECIFIC PORTIONS of the tapes means that they were being fed to them by somebody that knew exactly where to look.
http://www.lewrockwell.com/north/north383.html
The lesson of Watergate was about exercising power BEHIND the scenes.
I've always felt that was the case.
Thanks for that link, interesting questions re Watergate posed there.
An independent media that serves as an institutional vanguard ensuring that the public is accurately and fully informed of the inner workings of the governmental and quasi-governmental entities that LORD OVER IT?
How quaint.
Why doesn't the WSJ and every other "independent media outlet" just let the subject matter of their "exposes" write the expose themselves.
Oh. That's right. They essentially do.
Yep, hence Santelli asking him about the fact that the reporter is "sourced", and he agreed whole heartedly. Then the kicker which is essentially what you say... the WSJ is allowing the "source" to write the article. Basically, either the reporter and WSJ is too stupid to realize they have been used, or they are complicit in being used. I think we all know the answer to that one.
The Fourth Estate my ass. More like the Fourth Stooge.
If you don't read the newspaper, you're uninformed. If you read the newspaper, you're mis-informed. - Mark Twain
We now live in a nation where doctors destroy health, lawyers destroy justice, universities destroy knowledge, governments destroy freedom, the press destroys information, religion destroys morals, and our banks destroy the economy. - Chris Hedges
Will they do an early release of the FOMC?
When I was a child, I thought the U.S. was better than the USSR. I have since grown up and taken off the Red, White and Blue glasses....
In graduate school, a befriended an Ethiopian student. I could never convince him that USA was good guys and USSR was the bad guys. I told him he just did not understand the founding principles of the USA, and when he does, he would agree with me.
I have been to Russia and have Russian friends who were educated in the USSR system. I will give you that all these Russian friends are very bright, however they were better educated in western civilization than all my American friends. I still might disagree with my Ethiopian friend as USSR may have been better for its citizens than America for its citizens today.
To think, I made fun of PRAVDA (Truth) newspaper as propaganda. Anyone read the preface to the Patriot Act?
It's absurd to think the the former USSR and the current US are in any way meaningfully equivalent.
That said, the current state of the US is a complete disgrace.
Did it ever occur to you that you were BOTH wrong?
Or did it not occur to either of you that you were in a divide and conquer trap?
Arguing over "better" flavors of violent, coercive power is a form of self-enslavement.
I saw the Hilsenrath interview with Santelli and what was interesting was you could see all of Santelli, but you could only see Hilsenrath's smirking head. Only his head. Then it occured to me that everytime I see Hilsenrath, it's only his head.
It is becoming apparent that Hilsenrath is just a head. No body. No legs. He is just a head. Someone carries the head around in a briefcase and sets it down and once they have the right camera angle he starts smirking and talking nonsense bullshit. Anyway you heard it here first.
When you are the mouthpiece of the fed all they need is the head for oral pleasure.
'Headsenrath. Jon Headsenrath. I'd shake your hand, but I don't have one. Pleasure to meet you...'
Remember Max Headroom?
http://en.wikipedia.org/wiki/Max_Headroom_(character)
It just goes to show you it's best to be on the side of the people actually in charge of printing the money...it pays better and comes with less hastle.
could you imagine if there was a minor earthquake? Like a 3.2 or something and his head just starts bouncing around and then falls off the table?
Or if they go to commercial and you have that 5 seconds where the news anchors pretend to like each other and someone walks by and grabs his head and puts it in a shopping bag and just keeps walking? They risk so much.
Fonz had a big glass of Santelli this morning. Don't be fooled by his Chigaaago accent, Santelli is 100% kitchen table guinea and I mean that as a sincere compliment. Myself, I am a Henry Hill.
Don't pop yet Fonz!
"I'D SUGGEST NOT"
Classic.
3pm: No tappering: Stocks up, gold down to $1,250/oz
Tappering: Stocks down, gold down to $1,250/oz.
No FOMC Release: Gold down to $1,250/oz
Gold down...
To suffer is to love, to love is to suffer .. to suffer is to suffer.
Woody Allen's Love and Death
Fed will announce tapering, stocks drop, Kevin Henry will get $100b added to his account and the Fed will scoop up some cheap stock between 3 and 4pm.
Anyone notice the VIX getting smashed?
I think someone is trying to make protection cheap before they buy said protection...thoughts?
I think we should all go for a walk outside and check back tomorrow and it will just be more of the same goddamn shit.
But then I wouldn't get to feel my face getting ripped off via these MS puts...
Hedges unwinding. ESW will be up 20 post Benny Show.
I'm long XIV, and keep moving my stop up. This is weird. Setup or the mrket explodess here.
too difficult to read posting.
The Wall St/Fed cartel controls everything.
Either Monday morning or Tuesday morning I was half watching Bloomberg tv before work and Mr. Bowtie guy was badgering some other financial news reporter into saying that there was no way that the Fed was using the WSJ to "leak" information. Bowtie guy just kept repeating that there is no way the Fed is doing it and the reporter was completely uncomfortable trying to agree.
Santelli tastes the Grapes of HilsenWrath....
Market Trek 2: The Wrath of Hilsen
"Journalistic integrity"? We don't need no stinkin' journalistic integrity!
FED expected to release their minutes exactly at 13:58:58
The WSJ needs to strop calling itself a newsmaper, much less a financial newspater.
But in the land of manipulated markets, every Central Bank needs to control at least one alletged "newspaper" and the assorted editors and writers that go with it.
fuck u hilsenwrath, santelli put u in ur fucking place u jackass.
kill urself