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Fed Admits Yellen "Met With" FOMC Leaker In 2012, DOJ Probe Begins
Just two weeks ago we pointed out the fact that The Fed had seemingly ignored Congressional demands for details with regard the 2012 FOMC Statement leak. Now we know why they missed the deadline:
- *YELLEN SAYS SHE MET WITH MEDLEY GLOBAL ANALYST IN JUNE 2012
- *YELLEN SAYS SHE DIDN'T GIVE MEDLEY CONFIDENTIAL INFORMATION
So she met with the analyst that leaked the statement... but didn't say anything?
* * *
Some background...as a reminder, ProPublica explains the leak...
The Federal Reserve sprung a previously unreported leak in October 2012, when potentially market-moving information about highly confidential monetary deliberations made its way into a financial analyst's private newsletter.
The leak occurred the day before the scheduled public release of meeting minutes that shed new light on the Fed's decision to embark on a third round of bond buying to boost the economy, ProPublica has learned.
...
The newsletter containing the leaked material came from an economic policy intelligence firm called Medley Global Advisors whose clients include hedge funds, institutional investors and asset managers. On Oct. 3, 2012, Regina Schleiger, an analyst with the firm, sent clients a "special report" titled "Fed: December Bound."
The report focused on the Sept. 12-13 open market committee meeting, where the panel had approved what's called "QE3," a new program of large-scale purchases of mortgage-backed and Treasury securities.
Typically, the Fed chairman holds a news conference following the meetings to help explain the committee's actions. But when Bernanke did this on Sept. 13, he did not reveal the depth of disagreement within the committee about how effective the bond-buying program would be and whether it was worth the cost.
Schleiger wrote, however, that the minutes due out the next day would reveal "intense debate between Federal Open Market Committee participants."
Schleiger also revealed that the Fed would likely continue buying longer-term Treasury bonds beyond December. As part of a program dubbed Operation Twist, the Fed had been selling short-term Treasuries to buy longer-term ones.
Schleiger wrote that the committee would likely continue buying long-term bonds even after it sold all the shorter-term Treasuries. This information was not contained in the minutes and proved to be accurate.
Her newsletter also explained in uncommon detail both how Fed staff constructed the minutes and various policy options that were recommended and the thinking of the leadership – Bernanke and vice chairs Janet Yellen and Bill Dudley.
"It's not unusual for board staff to pull all-nighters working on the final draft of the policy recommendations, once these has [sic] been commented on," Schleiger wrote. "This one took until after midnight."
Which resulted in an internal probe ordered by Bernanke that inevitably found no wrongdoing.. and so Congress took up the matter.
But now, as The Wall Street Journal reports, The Fed has ignored that request...
The Federal Reserve has not replied to a lawmakers’ request that it identify the individuals who had contact with a private consulting firm that published a report on the central bank’s market-sensitive internal policy deliberations.
In October 2012, the day before the Fed released its minutes of its September 2012 policy meeting, Medley Global Advisors, sent a report to its clients with several sensitive details that subsequently appeared in the minutes. A central bank probe found a “few” Fed staffers had contact with Medley before the report, but did not identify them.
Rep. Jeb Hensarling (R., Texas), Chairman of the House Financial Services Committee, sent a letter to Fed Chairwoman Janet Yellen on April 15 asking the Fed to name them by 5 p.m. EDT April 22.
The deadline passed without any response by the Fed, a committee spokesman said Wednesday.
The Fed declined to comment. Medley did not respond to a request for comment.
* * *
And now we know why they delayed (as Bloomberg adds),
Federal Reserve Chair Janet Yellen said on Monday that the U.S. Department of Justice has joined the investigation into a leak of confidential monetary-policy information in 2012.
“The Board’s Inspector General and the Department of Justice are in the midst of an investigation into this matter,” Yellen said in a letter to Representative Jeb Hensarling, chairman of the House Financial Service Committee.
“We are cooperating fully with them and look forward to the results of their investigation,” she said.
Yellen said she would also provide the names of Fed personnel who had contact with Medley Global Advisors, which published a report on deliberations of a September 2012 closed door meeting of the Federal Open Market Committee, one day before minutes of the meeting were made public.
* * *
The Justice Department has opened a formal investigation into the FOMC leak (and we suspect sworn testimony coming).
@zerohedge pic.twitter.com/i2zt2XLTi0
— Rudolf E. Havenstein (@RudyHavenstein) May 4, 2015
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The smarts of Brittany Spears, the integrity of Lindsay Lohan
Criminal Empire
The looks of Yoda.
The voice of Woody Allen.
fuck the bitch!
she is too old for me
Whew....she's more than "too old" for me, hehe.
hang the bitch
this is a good choice
If Yellen leaked info, execute her at a distance of 100 feet with anti-aircraft guns, like North Korea does with "dissidents."
Or better yet, let people pay for the privilege of getting to hunt (tag & bag) Federal Reserve Members who are released onto a hunting sanctuary.
I'll rock out with my FN FAL.
I smell a curious hard drive failure right around the corner!
Exactly. And why now does she disclose this meeting? Are they telling us that one of the most powerful government entities can't find out who spoke to this lady around the time in question?
B.S.
What would the Yellen version of the Hillary's "At this point what does it matter!" be?
Yellen: "At this juncture our models are incomplete."
Yellen: "The dual mandate of the FED does not allow discussion at this time."
Yellen: "2012 was 9 quarters ago, and the economy is nearing escape velocity."
The Banker's Bank shall not be constrained by: ethics, morality, nor the rule of law!
I suspect that you are too old for her.
Someone please tell me why fat, entitled men think they are hot enough to pass some jusgement on 50% of the human race? Why self-centered men thnk their judgements on women are worthy of print? Why men go for the physical attributes of women before they disagree with their minds? Why it is there is a drumbeat of idiotic "joking" comments that reinforce this meme? Why apparently intelligent people resort to demeaning "sex" criticism.
Who gives one flying care if you do not wish to mate with some woman? I do not find this smutty boy behavior either funny or smart.
Yeah Yellen is garbage but it has absolutely nothing to do with her Physique or Age or haircut or makeup.
Yeah, check that privilege, cis scum!
The web site has been dumbed down by hollywood and the like. Its intentional and the 7500$ a month guy is the actual owner of this web site, they could stop that is a heart beat if wanted?
Why did Yellen pick the username wacky warner?
fuck off back to tumblr, you delicate petal
you expect respect to be shown in any way or form to these scum? you waste your time and energy.
They're not going to shoot Old Yellen, are they?
It was a Jedi mind trick that caused her to spill the bean.s May the fourth be with your.
Doesn't the Fed have a direct hotline to Lloyd Blankfein and Goldman Sachs anyway?
Dirty little secret - there's lots of dirty little secrets!
:)
It is past the Statute of Limitations for Banksters. 1 msec. Too late
There is no statute of limitations on murder. Murder via strangulation after a garotte was placed around the neck of an ecomony 300 million people rely. Banker fingerprints are all over it.
Another jew, another hand, another cookie jar.
How deflation occurs due to printing of money by fed ? explain .
the syphon effect
what? we still have justice department?
We don't. They do.
You do, theirs is spelled "Just Us"
Room 101.
Liberty is a demand. Tyranny is submission.
Seeing the "Honorable" Maxine Waters cc:ed on that memorandum didn't provide much joy, either.
So many sick thoughts so few transgressions remaining.
Twofers Keeping it in the tribe.
Unfortunately, these crooks are above the law -the law simply doesn't apply to them. They are members or associates of the global Khazzarian Mafia - every once in a while, some member or associate will go off script - and the mafia will turn their media loose on them, allow their politicians and judges to persecute and prosecute them -but if they stay on script -nothing will happen. If they really turn on the 'family" they're dead. That's why their are never any major whisteblowers on events like 911. There were hundreds, if not thousands involved with or who had knowledge of that inside job. If any one of them tried to go public, it would never be repeated or printed by the mainstream media, and the whistleblower would soon be dead (as would their own family and even descendants) would be murdered -just to teach a lesson and send a message to future whistleblowers. Kennedys (John and Robert) were "family" members by virtue of their relationship to Joe Kennedy - they tried to turn on the family because they thought they had real power when jack was President -and look what happened.
the doj
HAHAHAHAHAHAHA!!!!
Sworn testimony means nothing.....They all lie under oath and who is in jail?.....Thats what i thought...
Medley Global Advisors LLC (MGA) was founded in 1997 by Richard Medley, former chief political strategist to George Soros, to help investors navigate the opaque yet fascinating intersection of policy and markets. Dan Bogler, MGA's President, joined MGA in March of 2010.
From an initial concentration on G3 macro issues, MGA has over the years expanded its network and services to cover G20 countries, Emerging Markets, Geopolitics, Oil and Energy Markets.
Today, MGA has more than 45 experienced professionals with offices in New York, Washington DC, London, and Tokyo. Our client base and policy network spans the globe. MGA's professionals average more than 15 years of experience in the financial markets and the policy world.
Richard Medley left the firm in 2005 when private equity firms Boston Ventures and Castanea Partners purchased the company. In 2006, Goldman Sachs also took a minority share in the firm.
In February 2010, MGA was purchased by the Financial Times, one of the world's leading business news organisations.
We encourage you to browse through this section to get a full view of the breadth and expertise of the team we have built over the years to provide the highest value service to the most demanding of clients.
http://www.medleyadvisors.com/history.html
Medley Global Advisors delivers accurate, unbiased intelligence on macroeconomic and political events by cultivating relationships with senior policymakers around the globe. Our network includes central banks, finance ministries, regulatory and intelligence agencies, and international finance and trade organizations. In addition to our written reports, clients gain value from the constant dialogue they have with our analysts, and the ability to make contact at any time with individual market specialists. Use the arrows to the right to scroll through some of our most recent offerings.
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Seriously, (in our banana republic) if Jon Corzine isn't in jail, do you really think anything is going to happen to Janet?
Not a chance in hell.
Fuck.
You.
J-Yell.
Don't hate the bankers. They are only doing what they can get away with. Hate the politicians who are their enablers.
The CEOs have their hands tied; if they don't lever up, big money starts a proxy fight will come and the uncooperative CEO will be out of a job.
It all boils down to incentives; the current laws create perverse incentives, and even illegal acts are encouraged due to lack of consequences.
Whom can we blame for installing said politicians? I think the root cause is a public education system that reveres authority and condemns critical thought.
Great response. But "whom" betrays you. We don't use that "no more".
The bankers pull the triggers that kill the politicians who attempt to reel them in. Fuck the bankers. Kill every last one of them. We don't need this shit. They are destroying our lives. If they were actually heroes, brilliant, intelligent and gifted, I'd pause and say - give them everything they want. But they are shifty con artists with enough money to hire assasins and judges. KILL THE BANKERS and send a message to the world that if this ever happens again. their children and wives will also be held accountable. Ban them from financial industries. Politicians can be dealt with accordingly. Get rich quick politics is of course the reason we are here Lawyers and millionaires should be banned from politics.
the "honorable grand master of freemason & co" says : no guilty !
God help us all!
Military complex is after the Fed.
Sooner or later, it will be over.
Which resulted in an internal probe ordered by Bernanke that inevitably found no wrongdoing.. and so Congress took up the matter.
Here is how the 'probe' probably went:
Bernanke: OK, did any of you leak that information?
Fed members: "Nope!" "Not me!" "What information?" "I know noooothing!"
Schleiger: "Certainly not!"
Blankfein: "Never!"
Bernanke: OK, I'm glad we've got that resolved. Now let's print some money!
I smell Stanley Fischer.
dang ... is that what this smell is? i thought it was just a dead rat behind my fridge ...
Televise the Fed meetings live just like CSPAN does of congress for the same reasons and purpose.
Schleiger is an aussie slut with horrid teeth. I'm sure there are many on ZH who have met her who would agree.
It appears to be that The Great Red Dragon group is tired of Agent Yellin. They'll either turn her out to pasture or pasteurize her. No help needed from the peanut gallery.
An honest Israeli Jew tells the Real Truth about Israel by Muslims and the World
http://www.youtube.com/watch?v=etXAm-OylQQ (1:08:30)
Published on Dec 2, 2012
American Police are Training in Israel
http://www.youtube.com/watch?v=XnO62u1A7pc (8:03)
Published on Dec 15, 2014
The Holocaust Debunked Once and for All
http://www.youtube.com/watch?v=1slx74zKQMc (1:17:22)
Published on Apr 19, 2015
Funny how you can't ask a question without being called "anti-semitic". How's my spelling?
This is my favorite video that undoes the Holocaust myth:
https://www.youtube.com/watch?v=IJFvDQwDKFw
It has Ex-European Jew, and now Zionwood director, Billy Wilder directing emaciated inmates at Buchenwald in a propaganda film about a MONTH before the war's end. He, his office, and the DC US lied for many years about when Wilder had left the DC US for Europe and about the dates for when he was on the continent. I.e. the whole thing was a planned affair.
Lots of other evidence, and jailed deniers as well, just blows the whole Holocaust fraud and "industry" right out of the water.
Here is only a partial list of those that have been intimidated by power, harmed, or jailed for denying the Holocaust.:
http://www.zundelsite.org/archive/victims/victims_of_zion.html
Liberty is a demand. Tyranny is submission.
Now don't get me wrong, the Nazis were responsible for those that were injured, died, or killed while in their custody, but there was no industrial killing spree.
you fucking anti semetic loon, what a fucking imbecile, oh yeah go fuck yourself
Above the Law?
So Yellen "didn't inhale" either? Lol.
Yellen is a licker, not an inhaler.
What difference does it make?!?!?
Praise be.
Now you know why the bankers wanted her running things. She is dirty for them
No worries. The United States of America's Department of Justice is on the case. They'll get to the bottom of it. Just like they did with all the frauds they prosecuted among the banksters after the subprime bubble burst. Just like their prosecution of Jon Corzine for stealing money out of his clients' accounts. Thank goodness for blind justice in this country. Otherwise people like Yellen could get away with murder with impunity.
Anyone still have any doubts about the FedRes being set up as the convenient fall guy in what Zion and their banksters have in store for the dollar and DC US? The dollar collapse and SDR switch out?
Not that the FedRes is not culpable, but is being set up as THE fall guy so Zion's banksters will have the right cover to institute the new toilet paper fiat-currency, and enslavement device, the SDR.
"The worms don't just turn, but go where the richest food is."
Liberty is a demand. Tyranny is submission.
Is the dollar up in "exit" or "strength?"
Special Prosceutor: Eric Holder.
Rukia's Bwahahahaha Laugh (Bleach Episode 10)
http://www.youtube.com/watch?v=UT4COqFmN3U (0:03)
If you can't even find out who the Club gave 4 trillion dollars to, how in gawd's name are they going to find out who leaked what information. Even a Blind man can see than.
The Muppet Show Theme (Season Five)
http://www.youtube.com/watch?v=EJ9yAV8uQ7g (1:15)
Awesome, if history is a reliable guide, there will soon be a lot of arrests, then lots of big criminal trials, followed by lots of years of imprisonment for those convicted of crimes
Justice: We need to know who talked in October 2012.
Perps: Oh, we talked to them in June 2012 and that conversation wouldn't have contained the information released in October 2012.
Justice: We didn't ask who talked to them in June.
Perps: <send a shooter loose in BMore, we need a diversion>
Yellen, Bernanke just like Barry are cherry picked to serve and protect the Cabal.
Does ANYONE seriously believe Spiv David Cameron is asked for his opinion and further would be smart enough to offer one? Nein , rhetorical.
Barry is so stupid ( some folks believe otherwise on here which puzzles me ) clumsy and uncomfortable even with a teleprompter.
Yellen with the little old lady Nu Joisey accent is totally out of her comfort zone ( might be partly due to NOT believing a word of the script she's been handed ).
Quivering Lip ( his Native American Name ) Ben Bernanke is really an alien.
These 3 disciples of mediocrity would lose EVERY POKER GAME to the once a week amateur Joe. That's how the Cabal like their HEADS of Affairs who in turn cherry pick folks less smarter than them.
The Money Changers have this down to an art when offering the worst leadership money can buy.