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NY Fed Looks To Seal Documents In Latest Whistleblower Case
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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I think I just Carmen'd in my Segarra's
I am sure that the judge is next door neighbors with blankingfuck
“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.
""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.
Second thread for this today, but it’s appropriate:
http://www.youtube.com/watch?v=PMigXnXMhQ4
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.
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
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)?
There needs to be more photos of Carmen Segarra available. Can anybody address this? Need something to worship/adore in times like this.
Empires dont fall, they fall apart!
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.
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/
Hope she wasn't planning on getting a job again, ever.
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..."
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!
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
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.
They are private institution, they dont give a fuck about any law...
Fuck you Yellen.
The New York Fed...is not a public agency.
A fine is a tax.
Public = Servants
Here is a Fed New York secret ....
The Fed's auxiliary vault was opened in 1963 in Rockefeller's basement
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!
But you don't have to use their dollars, you could... oh wait.
Oh Boy this is going to be good! There is just something extra good about a woman's Scorn!
this good?
http://www.youtube.com/watch?v=ooSHVPKkY9o
She can tally my banana in the republic any day!
Yeah, but do you feel the same about Ole Yellen Stain?
FOR FUCKS SAKES NO!
There WAS another key, and I could have proved it if you all weren't so disloyal.
Call me a Whistle
:)
so i guess we won't be seeing a .gov sponsered movie about it to reinforce the story into the sheeps little head
She better watch her back. This stuff will get you 'disappeared' in a hurry.
She "purloined"!
Bravo, very literary.
Next stop, Guantanomo Bay.
YOU can't steal FED secrets!
above the law
"National security" is the scoundrel's defense de jure nowadays.
Out of court settlement, and a sealed everything.
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.
i'm in love with her i think
Judge Ronnie Abrams, dual citizen, i betcha
I am so disgusted that our system has come to this and that most people aren't the slightest bit aware of it.
Ever wish you'd just gone with the blue pill?
Honestly, yes. I can hardly even watch a good action movie like Olympus Has Fallen anymore without finding propaganda all over it!
Me too. Sucks out loud. I never felt like I could trust a politician; but the entire eff'n political system? Shit.
And I'm real trusting any information scrubbed, er reported, by Pro Publica.
For me, just the simple joy of watching the kids skipping by the house on their way to our gulag public schools is painful.
All I be wantin' is my EBT card!
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.
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)
im disgusted no one knows about my list of 2013's most bone-able women.
intelligent, unwavering, physically attractive. yea baby, you just made the top 5.
All of the major financial cases (e.g. foreclosure/origination fraud, etc.) attempt to keep records under seal. This is standard fare for everything. The problem here is that the defendant always has an argument that the documents are confidential, proprietary, valuable, etc. What tends to happen is that the plaintiff doesn't care about further dissemination of the materials and agrees to an order to seal them from public disclosure. [the plaintiff gets to see the documents, but is under court order not to divulge the information contained therein].
The problem with the traditional approach is that it fails to address cases with broad implication or impact, e.g. foreclosure fraud. There has to be a public repository for the information because it would aid judicial expediency across jurisdictions, since one plaintiff could hack a path through the jungle and be followed by others, rather than require the same hearing in every similar city/county/state/federal case.
To the extent that it is a state enforcing the document request, I think all the equities warrant public disclosure so that prospective defendants can use the spoils of the investigation to their benefit (i.e. the public can use it) so as to avoid redundant attorneys fees for the discovery process. These motions to seal documents MUST be more closely scrutinized by courts in cases of broad implication (of public implication).
Machoman ... big thumbs up...those things need to be public ..
Did you hear about WFC? ,, they just got caught (again) ... What was it now? Glad you asked..
People with mortgage life insurance ... they would die .. the mortgage life insurance would pay off the loan ,, but Wells Fargo , in the month or so after the insured’s death would tack on late pay and similar penalties... If the deceased’s heirs didn’t know about the insurance and request a “satisfaction of mortgage” , Wells Fargo would ... AFTER BEING PAID IN FULL BY THE INSURANCE ... file foreclosure based on a single months “late fee” that they tacked on after the insured’s death ...
This case cost Wells Fargo a cool $3million ,,, how many THOUSANDS more homes were stolen in this way before they got caught? And Will this change their behavior? It hasn’t so far... http://www.ncbrc.org/blog/2013/09/03/wells-fargo-socked-with-damages-in-excess-of-3-million-again/
For "widespread" damages, the limits on punitive damage awards (for due process purposes) are thrown out the window... essentially, any good court case could bankrupt any of the TBTF... the only factor is time... and this is what "sealing" the record does... it just firewalls the discovered documents to each case and prolongs the ultimate day of reckoning... of course, it's also par for the course to not disclose any documents, but once you disclose them in one case, you risk a spoliation instruction in subsequent cases, which is a kiss of death for any lawsuit (on top of sanctions/perjury charges)...
Although the evidence is sealed, it never hurts to pick up the phone and make a call to the plaintiff's counsel and ask where the skeletons are buried (it's amazing that more lawyers don't do this)... likewise, in some instances you can piece together a lot of cases from the publicly disclosed documents... The reason why there isn't more solidarity amongst plaintiffs is that they're stretched out over the country and often times there are countrywide players competing for the same clients...
I usually don't criticize the judiciary too much (because I think most of the problems we face are legislative/executive), but this is an area that needs significant improvement. Typically the original court retains jurisdiction to determine whether other claimants in other cases may get the information/documentation, but the process is fairly convoluted and adds significant delay to the process... And, if the case settles, then a condition of the settlement is always confidentiality, so none of the documentation is available (nor are any "hints" to other counsel).
I'd purloin her.
The NY Fed is a serial rapist.
CIA will be doing their job.
Very sad.
She had wheels on...
On her feet!
"Skateaway"
Dire Straits
toro toro taxi - see ya tomorrow my son
FUCK the FED and KILL all BANKSTERS!!!! NOWWWWWWWW
Well at least u get it....
Simple and plain....
What is the term I am lookng for? Ahhh yes ... "Rolling Disclosure". We seem to be in the midst of multiple rolling disclosures designed to make the people of this country feel afraid and powerless in the face of big banks, big government and big and creepy peeping Tom.
Do not fear. First we learn and then we are tested.
What about a protective order to seal vampire William Dudley in a sealed case?
.
I'd hit that.*
*Seize Mars is nonviolent. By "I'd hit that," Seize Mars meant he would gladly engage in consensual sexual relations with her.
my guess is that act requires lots of paperwork.
Next up .. indictment for threatening and committing terroristic acts (besmirching reputations) of essential elements of the national/international economy (Goldman and the FRBNY) during wartime. Of course this will come with her detention and close supervision at MCC New York and a variety of other facilities both nationally and internationally undergoing some aggressive diesel therapy, bag feeding, dunks in the pool and more for the next couple-few years awaiting trial.
"“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."
No banker is in prison for violating laws against felony financial fraud.
Reminds me of Enron and the secretary who noticed a small odd accounting error.
"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.
Under new powers granted to it by Congress, the Federal Reserve System carries responsibility for ensuring that the nation’s most complex financial institutions are not posing a systemic threat to the world economy.
Because of its location, the New York Fed supervises the majority of the so-called “Too- Big-to-Fail” banks. New York Fed officials acknowledge that the institution failed in its regulatory responsibilities in the lead-up to the financial crisis."
Oh dear oh dear, so much to say here. First off, when exactly did the NYFed ever acknowledge failure? If I remember correctly, Geithner stated categorically that he wasn't a regulator... and to go to the head of this stinking fish, Greenspan (who happens to even look like a fish - of the bottomfeeding variety with those huge eyes and huge mouth) as well stated categorically that it wasn't his job to regulate.
So now we have Carmen Segarra, who is no fish, slowly but surely about to be publicly dismembered (fed upon: Fed upon) by an all-purpose Fed shark-feast in order to shield Goldman Sachs - the blood sucking squid. And Abrams? Is Abrams as well some species of aquatic carnivore? Or is Abrams just a free floating jellyfish?
Carmen Segarra: get your best lawyers lined up - you're in for the fight of your life. May Neptune/Poseidon and the trident be with you. I hope you put a stop to this "between Scylla and Charybdis" bullshit once and for all, or at least in your corner. Carmen Segarra get on your hippocamps and ride to the top. Slay that Squid and starve the bottom-feeders.
@Hedgeless Horseman - can you transform this naked Neptune into a Channel clad Carmen Segarra? Love your artwork mate.
http://en.wikipedia.org/wiki/File:Sousse_neptune.jpg
Ride Carmen ride!!
The horse has already left the barn. We all know the NYF protects the criminal bankers in NYC. It's not like we didn't know that already, even before this whistleblower stepped forward. It's like putting Al Capone in charge of regulating Lucky Luciano.
Let me guess, it’s the one where Lloyd refers to Carmen as, “That bitch which that idiot Dudley couldn’t control”.
Damn it Lloyd, didn't that whole incident over your "Muppets" speach teach you anything?
Dave
I would upvote you, but the use of italics won't let me.
Insulting to all respectable Banana Republics.
The American court system is much more similar to the old Italian mafia than an institution for Lady Justice. Lawyers and judges use THE LAW instead of a gun to threaten the people they profess to protect. And most people know that if you want justice you must be the highest bidder. State Bar Associations house the Godfather who insist on silence and does not tolerate snitches.
I think one bastardization of justice is the assumed fact that all attorneys representing clients in the courtroom speak the unquestionned TRUTH. Attorneys use this to rape their clients. American justice system is a crimminal organization that needs to be purged so only honorable people can pass judgement. This is why the first non-king judge was a Pastor.
"There's gold in them thar hills."
She should procreate with a wealthy guy, before the goon squad causes a payout of her life insurance policy.
Either that, or consider "dating Snowden".
ABRAMS and GROSS,FUCK YOU.
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.
Now you know why the Republicans love Fascism so much. The Federal Reserve is a classic case of a fascist government sponsored corporate monopoly when it comes to creating money. Throw in some Crony Capitalism for misdirection purposes and no one knows better that the place is being run by a bunch of Marxists aka wolves hiding in sheeps clothing. The Democrats on end of the Marxist spectrum on the other hand love them the Socialism like Social Security which is a classic bait and switch socialist government run program. Have we changed in the past 100 years no now we have Reeses Pieces mixing of Peanut Butter and Chocolate aka Socio-Fascism being implemented aka Obamacare.
Because the FED is government sponsored corporation and monoply no less is the absolute reason why the FOIA should apply to them and since they are the only game in town due to the government's blessing to be so private entity or not and if not then the Sherman Anti-Trust Act should also apply because they are monopoly. But the polticians are bought and sold along with the regulation agencies so it will not be enforced one way or the other with pitchforks, torches and ropes.
Think about this for a minute following the monopoly argument they are corporation and are monopoly on the money creation. Using the Sherman Anti-Trust Act you could in theory split them into smaller competing Reserve Banks, for example NY FED, San Fran FED. Dallas FED etc each issuing regional Reserve Notes. By doing this the investors can decide which banks they support based on the monetary policies put forth by each bank by whose bonds the purchase at auction. Get rid of the primary dealers parasites like Goldman Sachs and make them the only dealers you can buy from. Whose ever notes dominates the market is whose monetary policy the investors trust the most or if the Treasury gives them an even split the interest rates on the bonds to buy each bank's notes will determine influence on monetary policy . The Treasury wins on this deal anyways since if they issue for arguments sake $100,000 in bonds as long as it is all bid on doesn't matter the split it is all USD either way just the interest rates on the market are not uniform depending the dealer notes. It brings a different level of investing options for people and would instill some much need trust and confidence back into the market and USD in general.
If abolishing the FED isn't a political option go after them for being a monoply which will play in the court of popular opinion especially after this current fiasco crashes and burns finally.
'
'
'
Can I coin a new word?
To be "Sached" as in "Goldman Sached"
Working in a career that promotes transparency and or evaluation, such as a rating agency, one is terminated from a job, or Goldman Sached, for being a whistleblower, due to collusion on the part of the organization that the person worked for and the organization that they were reporting negative news.
oJo
V-V
Govt winking at and classifying and denying financial crime against the civil populace is just a continuation of the behavior of all the western powers in WWII to present day of deliberately and massively bombing civilians, and then claiming they were doing the exact opposite. And when that wasn't working they just resorted to massive bombing of civilians, in cities and towns in secret.
All the while accusing others of being terrorists, and of using civilians "human sheilds". But where are almost all Western military bases, within your own country? Yup, mostly in the urban environment, so who's using us, as their 'human sheilds'? That's what they really are doing, to their own population, who's greatest military threat, is the military they contributed to paying for.
Covering up and allowing to cover up the giant TBTF fraud is part of the same system of the State Lie-Support Apparatus (mostly via the complicit pet mass-media).
This is not going to change until we do what whistle-blowers and reporting organizations like WikiLeaks, and many others and blogs like this one have done - expose it, expose it all.
If the govt denies us all privacy, and even the right to act on our human rights, then do the same to Govt. Go into every system and expose all of it. The argument that lives might be lost due to this is totally bogus, because lives are being lost because we haven't done it and are still holding back.
Govt and TBTFs aren't holding back, or being considerate, they're destroying millions of people's lives and whole countries, while claiming to do the exact reverse. To hell with them and their precious holier than thou assertions that exposing secrets will get people killed. That's a ridiculous argument.
Expose it all
'JP Morgan (is or has, GS's? been the precursor???) too `Doctorate it's own Economist etel?`' @ "Al's Emporium: Dr. Too-Big-To-Fail" by Al Lewis 10/14/13 http://www.nasdaq.com/article/als-emporium-dr-too-big-to-fail-20131014-00138
Where is the Amicus Curiae brief filed on behalf by either or both, Rand and Ron Paul? Or filed by the anyone in the media? "Rule 37 of the Supreme Court: Brief for an Amicus Curiae 1. An amicus curiae brief that brings to the attention of the Court relevant matter not already brought to its attention by the parties may be of considerable help to the Court." The secrecy of the Fed operates to the detriment of the people and the conduct complained of is corrupt conduct extremely damaging to the people, who would benefit from public access. The court exists to serve the people, not the private interests of a bank, nor those alleged to be acting in violation of the law. This brief must be filed by an attorney. The district court's rejection would allow immediate appeal to the second circuit. Are the media and our politicians, merely play actors performing to distract the sheeple?
If the Fed is a private entity, why is the president of the US appointing the head of this private entity?
Inquiring minds really, really, do want to know.
Can we get Anonymous or the next Snowden or Manning on this, please. Thks.