NY Fed Looks To Seal Documents In Latest Whistleblower Case

Tyler Durden's picture

Submitted by Mike Krieger of Liberty Blitzkrieg

N.Y. Fed Looks To Seal Documents In Latest Whistleblower Case

As was widely reported last week in both the alternative media and the mainstream presstitute media, former senior bank examiner at the New York Federal Reserve, Carmen Segarra, has filed a lawsuit against her former employer accusing them of wrongful termination after she determined that Goldman Sachs had insufficient conflict-of-interest policies. As usual, anything that threatens to shed some light on the criminality at the most powerful institutions in America is immediately labeled “top secret” or “classified” and hidden from the public. Just as you would expect in a Banana Republic.

From Pro Publica:

On Friday, the Fed asked for a protective order to seal documents in the case as well as parts of the complaint. In a letter to U.S. District Judge Ronnie Abrams, New York Fed counsel David Gross said the information should be removed from the public docket because it is “Confidential Supervisory Information,” including internal New York Fed emails and materials provided to the Fed by Goldman.

“These documents show that at the time (Segarra) left the employ of the New York Fed, she purloined property of the Board of Governors of the Federal Reserve System,” Gross wrote, citing Fed rules that prohibit disclosing supervisory information without prior approval of the Fed.

Gross argues that the Fed’s obligation to keep bank supervisory records secret outweigh the public’s right to know. “The incantation of a ‘public right to know’ cannot ever be a license to discharged employees that they may violate Federal law simply by filing a complaint in Federal court,” Gross wrote.

The New York Fed has historically been one of the most opaque financial regulators and maintains that it is not subject to the Freedom of Information Act because it is not a public agency.

What more do you need to know? America: Land of the Thief, Home of the Slave.

Full article here.

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Joe Davola's picture

I think I just Carmen'd in my Segarra's

max2205's picture

I am sure that the judge is next door neighbors with blankingfuck

James_Cole's picture

“The incantation of a ‘public right to know’ cannot ever be a license to discharged employees that they may violate Federal law simply by filing a complaint in Federal court,” Gross wrote.

Yes yes.. wouldn't want to violate federal law by informing the public they are being fleeced 8 ways to Sunday. 

AlaricBalth's picture

""Every effort has been made by the Federal Reserve Board to conceal its power but the truth is the Federal Reserve Board has USURPED THE GOVERNMENT OF THE UNITED STATES. IT CONTROLS EVERYTHING HERE AND IT CONTROLS ALL OUR FOREIGN RELATIONS. IT MAKES AND BREAKS GOVERNMENTS AT WILL.

 

"They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; the rich and predatory money lenders. This is an era of economic misery and for the reasons that caused that misery, the Federal Reserve Board and the Federal Reserve banks are fully liable." 

Rep. Louis T. McFadden, 1932

I could not have said it better myself.

 

Manthong's picture

Second thread for this today, but it’s appropriate:

http://www.youtube.com/watch?v=PMigXnXMhQ4

Manthong's picture

These organizations are not public agencies either:

http://en.wikipedia.org/wiki/List_of_Mafia_crime_families#New_York

Also, GS serves the public interest like intestinal polyps serve the digestive process.

Zer0head's picture

Hey Tylers...

http://dealbook.nytimes.com/2011/07/29/davis-polk-lawyer-is-nominated-fo...

the judge who will decide this  was working for Davis Polk & Wardwell before her appointment by Obama

and guess who has the NY fed as a client??????????

 

www.newyorkfed.org/aboutthefed/DavisPolk.pdf

TruthInSunshine's picture

What will the lawyers for the Federal Reserve refer to it as for purposes of this litigation - will it be deemed a "public" or "private" entity (it matters because of discovery rules and to the extent that governmental immunity statutory exemptions often apply to "public" entities and officials)?

BobPaulson's picture

There needs to be more photos of Carmen Segarra available. Can anybody address this? Need something to worship/adore in times like this.

Pladizow's picture

Empires dont fall, they fall apart!

Againstthelie's picture

US soldiers have always been so proud to spread this regime all over the world!

They are proud to die for the Dimons and Blankfeins.

Sheeple.

AlaricBalth's picture

And some soldiers, who have unwittingly enlisted, served overseas, and paid the ultimate price to preserve the primacy of the almighty dollar, have had their remains unceremoniously dumped in a Virginia landfill.

http://www.cbsnews.com/8301-201_162-57339029/274-soldiers-ashes-dumped-in-va-landfill/

 

redpill's picture

Hope she wasn't planning on getting a job again, ever.

RSloane's picture

At this point, Russia is going to have to build an entire subdivision for American whistelblowers to reside in. Instead of "give us your poor, your hungry.." they could erect a statue whose foundation panel reads "give us those with a conscience, with courage..."

James_Cole's picture

Instead of "give us your poor, your hungry.." they could erect a statue whose foundation panel reads "give us those with a conscience, with courage..."

Someone has got to draw this and send it to the new yorker!

BabyBen's picture

She stands to make a $100 Million if she plays her cards right and take down a bunch of arrogant bankers. I suspect she knows her stuff and know theirs as well. Ever heard of Sherry Hunt

29.5 hours's picture

 

and further "simply by filing a complaint in Federal court."  As if it were the easiest thing in the world to file a complaint in the court of the enemy against one of the biggest institutions of the enemy.

This woman, whatever her motivation and circumstance, is a hero.

 

 

resurger's picture

They are private institution, they dont give a fuck about any law...

Fuck you Yellen.

AlaricBalth's picture

The New York Fed...is not a public agency.

Cacete de Ouro's picture

Here is a Fed New York secret ....

The Fed's auxiliary vault was opened in 1963 in Rockefeller's basement

BabyBen's picture

THEN WHY DO THEY GET TO PRINT MY DOLLARS?????? They are a public agency!!!!!!

When they use THEIR OWN money they get to have a secret society! 

Bunders's picture

But you don't have to use their dollars, you could... oh wait.

BabyBen's picture

Oh Boy this is going to be good! There is just something extra good about a woman's Scorn! 

SheepDog-One's picture

She can tally my banana in the republic any day!

Pure Evil's picture

Yeah, but do you feel the same about Ole Yellen Stain?

PrintemDano's picture

There WAS another key, and I could have proved it if you all weren't so disloyal.

Groundhog Day's picture

so i guess we won't be seeing a .gov sponsered movie about it to reinforce the story into the sheeps little head

dontgoforit's picture

She better watch her back.  This stuff will get you 'disappeared' in a hurry.

Dollar Bill Hiccup's picture

She "purloined"!

Bravo, very literary.

Next stop, Guantanomo Bay.

YOU can't steal FED secrets!

Ignatius's picture

"National security" is the scoundrel's defense de jure nowadays.

Joebloinvestor's picture

Out of court settlement, and a sealed everything.

Crime of the Century's picture

And conversely, sealed divorce records must be pried open and gawked at in order to disqualify someone standing in the way of the Selected One.

TaperProof's picture

i'm in love with her i think

the not so mighty maximiza's picture

Judge Ronnie Abrams,  dual citizen, i betcha

LetThemEatRand's picture

I am so disgusted that our system has come to this and that most people aren't the slightest bit aware of it.

Ignatius's picture

Ever wish you'd just gone with the blue pill?

LetThemEatRand's picture

Honestly, yes.   I can hardly even watch a good action movie like Olympus Has Fallen anymore without finding propaganda all over it!  

dontgoforit's picture

Me too.  Sucks out loud.  I never felt like I could trust a politician; but the entire eff'n political system?  Shit.

Joe Davola's picture

And I'm real trusting any information scrubbed, er reported, by Pro Publica.

Ignatius's picture

For me, just the simple joy of watching the kids skipping by the house on their way to our gulag public schools is painful.

Pure Evil's picture

All I be wantin' is my EBT card!

NotApplicable's picture

As long as you keep on using misnomers like "our system" I don't think awareness is the issue. The fact that you choose to own it renders any remedy moot.

LetThemEatRand's picture

I'm referring to our Court system, which to me is part of the system of laws that we are supposed to live under.  It has been usurped and the idea that cases like this should be sealed is outrageous.  

"the tradition that litigation is open to the public is very longstanding…  What happens in the halls of government is presumptively public business."  Union Oil Company v. Leavell, 220 F.3d 562, 567-68 (7th Cir. 2000)