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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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Tue, 10/15/2013 - 14:12 | 4056915 Joe Davola
Joe Davola's picture

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

Tue, 10/15/2013 - 14:21 | 4056958 max2205
max2205's picture

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

Tue, 10/15/2013 - 14:26 | 4056989 James_Cole
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. 

Tue, 10/15/2013 - 14:32 | 4057035 AlaricBalth
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.


Tue, 10/15/2013 - 14:35 | 4057056 Manthong
Manthong's picture

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


Tue, 10/15/2013 - 14:46 | 4057101 Manthong
Manthong's picture

These organizations are not public agencies either:


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

Tue, 10/15/2013 - 14:55 | 4057189 Zer0head
Zer0head's picture

Hey Tylers...


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??????????



Tue, 10/15/2013 - 15:20 | 4057313 TruthInSunshine
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)?

Tue, 10/15/2013 - 16:00 | 4057524 BobPaulson
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.

Tue, 10/15/2013 - 14:36 | 4057061 Pladizow
Pladizow's picture

Empires dont fall, they fall apart!

Tue, 10/15/2013 - 14:40 | 4057087 Againstthelie
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.


Tue, 10/15/2013 - 15:02 | 4057243 AlaricBalth
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.



Tue, 10/15/2013 - 14:32 | 4057036 redpill
redpill's picture

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

Tue, 10/15/2013 - 14:34 | 4057062 RSloane
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..."

Tue, 10/15/2013 - 14:51 | 4057154 James_Cole
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!

Tue, 10/15/2013 - 15:14 | 4057297 BabyBen
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

Tue, 10/15/2013 - 15:14 | 4057290 29.5 hours
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.



Tue, 10/15/2013 - 15:23 | 4057328 resurger
resurger's picture

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

Fuck you Yellen.

Tue, 10/15/2013 - 14:28 | 4056997 AlaricBalth
AlaricBalth's picture

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

Tue, 10/15/2013 - 14:28 | 4057008 Joe Davola
Joe Davola's picture

A fine is a tax.

Tue, 10/15/2013 - 14:30 | 4057029 kralizec
kralizec's picture

Public = Servants

Tue, 10/15/2013 - 14:41 | 4057099 Cacete de Ouro
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

Tue, 10/15/2013 - 14:48 | 4057137 BabyBen
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! 

Wed, 10/16/2013 - 09:47 | 4060044 Bunders
Bunders's picture

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

Tue, 10/15/2013 - 14:15 | 4056919 BabyBen
BabyBen's picture

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

Tue, 10/15/2013 - 15:27 | 4057376 WillyGroper
Tue, 10/15/2013 - 14:13 | 4056922 SheepDog-One
SheepDog-One's picture

She can tally my banana in the republic any day!

Tue, 10/15/2013 - 14:27 | 4057001 Pure Evil
Pure Evil's picture

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

Tue, 10/15/2013 - 14:31 | 4057022 SheepDog-One
SheepDog-One's picture


Tue, 10/15/2013 - 18:14 | 4058136 PrintemDano
PrintemDano's picture

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

Tue, 10/15/2013 - 14:33 | 4057049 GolfHatesMe
GolfHatesMe's picture

Call me a Whistle

Tue, 10/15/2013 - 20:32 | 4058701 Rakshas
Rakshas's picture


Tue, 10/15/2013 - 14:13 | 4056925 Groundhog Day
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

Tue, 10/15/2013 - 14:28 | 4057009 dontgoforit
dontgoforit's picture

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

Tue, 10/15/2013 - 14:16 | 4056927 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

She "purloined"!

Bravo, very literary.

Next stop, Guantanomo Bay.

YOU can't steal FED secrets!

Tue, 10/15/2013 - 14:14 | 4056928 1eyedman
1eyedman's picture

above the law

Tue, 10/15/2013 - 14:24 | 4056974 Ignatius
Ignatius's picture

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

Tue, 10/15/2013 - 14:15 | 4056932 Joebloinvestor
Joebloinvestor's picture

Out of court settlement, and a sealed everything.

Tue, 10/15/2013 - 14:15 | 4056934 Crime of the Century
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.

Tue, 10/15/2013 - 14:20 | 4056954 TaperProof
TaperProof's picture

i'm in love with her i think

Tue, 10/15/2013 - 14:21 | 4056955 the not so migh...
the not so mighty maximiza's picture

Judge Ronnie Abrams,  dual citizen, i betcha

Tue, 10/15/2013 - 14:20 | 4056966 LetThemEatRand
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.

Tue, 10/15/2013 - 14:25 | 4056982 Ignatius
Ignatius's picture

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

Tue, 10/15/2013 - 14:29 | 4057002 LetThemEatRand
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!  

Tue, 10/15/2013 - 14:32 | 4057030 dontgoforit
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.

Tue, 10/15/2013 - 14:47 | 4057128 Joe Davola
Joe Davola's picture

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

Tue, 10/15/2013 - 14:39 | 4057088 Ignatius
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.

Tue, 10/15/2013 - 14:28 | 4057012 Pure Evil
Pure Evil's picture

All I be wantin' is my EBT card!

Tue, 10/15/2013 - 14:28 | 4057011 NotApplicable
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.

Tue, 10/15/2013 - 14:44 | 4057121 LetThemEatRand
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)

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