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Fed Unable To Comply With Congressional Subpoena Due To Criminal Probe
On October 3, 2012, consulting firm Medley Global Advisors sent a newsletter to clients entitled “Fed: December Bound.” The "special report" essentially constituted an early leak of the minutes from the FOMC's September meeting, at which the central bank launched the third installment of QE.
An internal investigation by then-Chairman Bernanke revealed that indeed, some members of the committee had met with the firm that year but the names were not disclosed.On April 15, Congress sent Yellen a letter requesting that the Fed furnish a list of names no later than April 22.
That deadline came and went with no response.
On May 4, the Fed acknowledged a DoJ and OIG criminal investigation into the leak, and in the same letter, Yellen admitted that indeed, she had met with the analyst who penned the newsletter at the center of the controversy:
Subsequently, The Committee on Financial Services subpoenaed the Fed for records related to the central bank’s review. Now, the Fed has declined to comply in full citing the ongoing criminal investigation. More specifically, Yellen says the OIG has advised the Fed that providing access to the information requested by congress would risk "jeopardizing the investigation."
Note the irony: the Fed says it cannot comply with a Congressional subpoena regarding an alleged leak due to the fact that producing the requested documents could ultimately result in... a leak. In any event, the full letter is below.
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THE OIG IS THE FED.
Congressional subpoena. Ha ! Yellen sees it for the fucking toilet paper it is. Yellen has bigger balls than Congress, which obviously does not take much at all. Congress will get their subpoenaed info from her when cows fly.
okay, fine. As a "limited liability person" I will not comply with congress, neither will my tribe, our country, or our state...
moral hazard is a real motherfucker!!!
If the Fed was FIFA, they would be overrun in a heartbeat.
But then again, this is a nation of men, not of laws
and Yellen is the cross-dressing secret twin brother of Krugman.
Oh, never mind.
At this point what does it matter, anyhow?
I smell rotting tuna.......
Oh wait...
That would be English Salmon.... with extra extra lemon.. :D
What does Proverbs tell us?
"The borrower is servant to the lender".
Therefore, using logic - the Fed is more powerful than the Congress. They will not comply in any substantial way to a Congressional subpoena. How they must inwardly laugh at the gullibility of the American electorate and their belief that the Fed is actually an arm of representative government.
How about this proverb;
"Give me control of a nation's money and I care not who makes it's laws" — Mayer Amschel Bauer Rothschild
house+senate joint resolution:
the federal reserve system, its board(s), its branches, and any and all of its other agencies are hereby dissolved. its assets are hereby transferred to the treasury.
Assets...... if it actually had any.
In banking, assets are loans. The Fed has plenty of loans secured by assets worth pennies on the $.
I don't know Knuks. I'm inspired by this. I think I will try this approach on my jury summons seeing I am rather engaged at the moment and don't feel like participating. As a tax paying citizen they will surely respect that. They work for me right?
Miffed;-)
You can get off the Jury pool list by revoking your voter registration.
Well, if corporations are people then people are corporations. Fuck em all.
If Congress was investigating steroids in baseball, the subpoena would be enforced - no excuses.
Or corruption in FIFA
Or MF Global.
Oh, wait!
Because it's a pretty open and shut case of at LEAST a Sarbanes Oxley violation from "The Honorable" Mr. Corzine.
Oh, wait...
It's all theatre for the media to broadcast that the legal system is working and justice is being served. Congress knew this would be the response and will now only move if the public grow some balls and find a way to rise above the brainwashing power of the MSM.
Now we see the real reason for the DoJ investigation: it allows the Fed to stonewall.
Guillotine the Fed. Audit the heads.
Liberty is a demand. Tyranny is submission.
That's precisely what they plan to do, guillotine the Fed & America... (You'll see)
https://www.youtube.com/watch?v=0Dl1liXlWYc
"No matter how cynical you become, it's never enough to keep up"
-Lily Tomlin
"And now you know why."
- NoDebt
That's awesome, can I use that excuse? Sorry, I can't submit to a subpoena, I'm complying with another investigation at the moment.
It's like a legal tesseract. "Can't help you right now, I'm busy folding 4th dimensional space."
And I can't tell you who is investigating me as it would constitute a leak
I'm totally sympathetic. Once upon a time, the dog ate my homework and then a Martian ate the dog!
I hate it when that happens!
So the fed isn't a sieve.
It’s a filtered conduit.
Whew!
I was worried.
"Do what thou wilt shall be the whole of the Law. Love is the law, love under will." - Aleister Crowley
"Sometimes the law defends plunder and participates in it. Thus the beneficiaries are spared the shame, danger, and scruple which their acts would otherwise involve. Sometimes the law places the whole apparatus of judges, police, prisons, and gendarmes at the service of the plunderers, and treats the victim — when he defends himself — as a criminal. In short, there is a legal plunder..." -- Bastiat The Law
Think of that the next time a gun and badge thugs tells you, "It's the law."
Liberty is a demand. Tyranny is submission.
Bastiat's The Law may be the greatest 60 or so pages ever written on tyranny and tyranny's instrument of oppression, the law.
Hmmm, could it be:
They're not done shredding yet
They're not done deleting yet (gotta keep up with Hillary)
They've been hacked
They've lost the info and can't find it
They've told Congress to go fuck themselves
Pick any, pick all.
CONgress has made itself irrelavent through corruption and cowardice. The prezident runs roughshot over them. The Fed tells them to fuck off. And the people no longer believe they serve them. Reap what you sow.
Okay, end the fucking fed!!!!!
As a "limited liability person" (remember corporation=person) I will not comply either...
So you support cashless societies then?
Still don't understand what real money is? Sigh, like most people, you will re-learn what real value is.
Can't they just bundle these investigations?
yeah like greece, then spoon afterwards.
SovIt pays to have lots of fraud going on at once. That's a convenient excuse for the Tribe. I guess that why they become lawyers.
Pretty Apparat-cheeky of her if you ask me.
That pic of Yellen along with the word "Probe" is too HOT! Mmmm!!
The FED has done gone insane. God complex and all.
you know these criminals get away with this chit only because 98% of sheeple are ignorant as F & now like being that way. Prepare for the total enima!!
When the Fed has sufficiently fattened the sheeple on siZIRP, they'll make their 25% wealth tax move.
The FED just told Congress...."Fuck you"...
FED is just asking to be Regulated, Audited, and Terminated.
I'd vote for skipping the regulate (unless it's the Young Guns/Warren G 'regulation') and audit portions, and stragiht gun for the termination.
Isn't that their answer to every question?
The NSA did the same thing
What will it take before citizens march on DC and start lopping off heads?
Got Wetterlings?
When they stop benifiting from this insanity. To many people live good lives off of these lies, cheating and stealing. To many get their cut. When the freebees stop so will the support.
Orange jumpsuit and sitting behind bars without bail, might encourage you to have second thoughts. You are not above the law Janet.
LOL, yeah right next to Corzine. You must be joking with that comment. They are the law, they are above it, how much proof do you need?
Nothing will change until government officials and bankers start going to jail. Or the guillotine.
Hypocrite alert: Clinton charity took millions from African Church which calls gays devils
http://www.dailymail.co.uk/news/article-3110165/Clinton-charity-took-mul...
so what's your point?
This is an incriminating defense, but not actionable.
A big "F..k You" to Congress on the surface, while fellatio happens inder the table.
"Well, first of all, the Federal Reserve is an independent agency, and that means, basically, that there is no other agency of government which can overrule actions that we take."
If they didn't have the cajones to put Angelo Mozilo in prison, then they are wetting themselves in thinking they can go after the Fed, or if they get that far, actually do something about them.
Dovie'andi se tovya sagain (It's time to toss the dice)
Got Karatbars?
Sounds about as secure as GLD.
The arrogance of these people. No one is above the law.
No one is above the law.
Well that is supposed to be the IDEAL.
But the ever growing preponderance of the evidence strongly suggests that it is not the case.
Now I prefer to live in the dismal reality rather than the fantasyland of idealism. Fantasyland is just a suburb of Disneyland, just another pseudonym for JAIL.
With theknowledge that these individuals are isolated from the affects of their unethical and illegal behavior from the Government authorities then perhaps we need revert to frontier vigillante justice.
Thus the due justice will be resolved and restored only through systemic collapse.
You can take an active or passive role in bringing that about.
The passive, non violent approach is the best method to opt for. One does this through eroding the Faith and Confidence in the currency of the United States through education of the masses. Wake them up and have them THINK about their plight and their common everyday transactions.
Demonstrate that since the US Dollar is a NOTE, a PROMISE to pay, for future goods and services, and the sad fact is that WE DO NOT PRODUCE as UNEMPLOYMENT FIGURES are an outright LIE, then there will be NO FUTURE GOODS PRODUCED. At that point the Dollar becomes WORTHLESS when we all become unemployed and non productive as a result.
This shocks most whom I have told it to. They know that even if they are employed that far too many of their friends and family members are not.
Many will tell you outright that they donot want to hear it. Even my paper rich landlord, after I described the conundrum of the Derivatives Market fiasco, and that he does not OWN his paid off properties, as his Property Titles have been rehypothecated repeatedly, was horrified. (I love it...there are 15 Derivative claims on every single real and tangible asset created over the last 10,000 years. It would only take 150,000 years to produce tangible assets to back up those Derivatives.)
I asked him the simple questions, "So when they foreclose on your property what are you going to do? Sue your Title Insurance Company? Do you really think that they will have any cash after being sued by everybody for incompetence and fraud as the Banks have been selling their titles repeatedly also?"
Psychological warfare can be conducted by the Corporate media through propaganda. We can counteract the propaganda, personalize it, and destroy remainging Faith and Confidence within the system by reporting the unadulterated truth.
Now I know that Zerohedge is in the top 1% of all Websites frequented. I know that many thousands of people read my posts.
All that I am asking you to do is ACT and EDUCATE. Too bad if they do not want to hear the dismal news. You may ot be popular while you awaken people from their fantasyland delusions. You may even be scorned.
But it is only when Faith and Confidence in this corrupted system is eroded that it will realize the total collapse which it so richly deserves.
And that is when Justice, Freedom, and Liberty can be restord.
All that I am asking is that you reach out, target, and educate just one person per day...asking them to do the same.
And if the non violent methods fail then the violent methods are another alternative. But that alternative is always the last resort...the LAST RESORT.
I am counting on you, as an army, to make the education widespread.
I know that there are thousands of you who read my musings. This is the best venue for creating change.
Tell that to Jon Corzine.
There is nothing Federal about a cartel of counterfeiting money scam artists claiming to belong to a branch of United States Government. If they were government entity, we could see the ledger books. Accounting transactions.
We can't see the books because they're not part of our Government. Hence, refusing a Audit.
Congressional suponea is as worthless as a request.
Congress sold us out a long time ago.
An acquaintance describes congress as a bunch of pansy-ass twerps incapable of exercising any power, they're only in office to colllect a secure paycheck, health care and pension for life. I don't think it is an entirely fair description - I believe there are some honorable men and women trying to do what is right on some issues.
However, the fed mocking a congressional suboena shows that the fed agrees with my acquaintance and thinks this of congress too.
Congress needs to show considerable patience
Can't they revoke the Fed's charter instead?
Yellen is Madoff! Madoff is Yellen! Yellen is a man! Oh My God,Yellen is a man!
Who needs an investigation with a response like this?
Congress needs to buy a set of balls off ebay.
No reason to be anxious, the honorable Maxine Waters got a copy of this. I'm reassured.
/s
I hope you pass fast track, then attempt TPP. Everyone will be rounded up. You'll enjoy jail with actor drama of the intent to help your slave market purchasing growth market.
Don't forget to tell everyone of the human rights violations permitting you can steal money like Robin Hood.
If you read the Constitution, slavery was eliminated. Then you got a bright idea to enslave a new wave through consumption and repackaging financial instruments to sell globally.
No one is buying the bullshit products.
Congressional subpoenas are ignored buy:
-IRS Lois Learner
-department of justice Eric Holden
-Hillary Clinton
-Federal Reserve
To name a few
All bankers are honest people, The "Fed" people, especially so.
/s
take away her printing press!
Why doesn't she go to the congressional softball toss and plead the fifth like all of the other mid level criminals do when they are subpeonaed?
Can't you hear it now.
Congressman from the great state of Iowa asks "What madam did you have for breakfast this morning?" in a VERY agressive tone and looking threatening.
Yellen replies "Sorry Mr sold out piece of shit but I have to plead the fifth."
Congressman from the great state of Iowa replies "Well we are not going to get anything out of you so I yield the rest of my time."
Congressman from the great state of NY "Ms yellen I just love your pantsuit. Whereever did you get it?"
Yellen replies "Sorry Mr sold out piece of shit but I have to plead the fifth."
CNBC broadcasts the entire proceedings with breathless commentators.
Why doesn't she go to the congressional softball toss and plead the 5th?
I think she just did.
Cannot...
Everytime I hear it, means will knot.
If the FED is being criminally probed then all the more reason for politicians to pour it on. Fuck the DOJ whitewash. They're all guilty of things we don't even know about yet.
Yet Hillary is getting the Afro-American all riled up for new hamburger in exchange for new Government steak. Will explain later.
So basically, Yellen was the leak?
Depends
Agreed. Let's sell paper airplanes to the kids. Brand them as super drone flyers.
We'll need for the study group to decide popularity.
/LOL
Are we taking about what she wears under her granny panties?
Isn't contempt of Congress a treasonous act, the most severe penalty for which is hanging?
Where is Clint Eastwood when you need him?
No, this is treason:
Whoever, owing allegiance to the United States, levies war against them or adheres to their enemies, giving them aid and comfort within the United States or elsewhere, is guilty of treason and shall suffer death, or shall be imprisoned not less than five years and fined under this title but not less than $10,000; and shall be incapable of holding any office under the United States.
https://www.law.cornell.edu/uscode/text/18/2381
Here is 6 years of treason ignored by Mr Hensarling.
http://www.justice.gov/opa/pr/schlumberger-oilfield-holdings-ltd-agrees-...
Note: US Attorney Ron Machen Jr
Note: Jamie Gorelick SLM 2002_2010
BTW Jamie hired Machen at least 2X.
Excellent research Smitty, by golly you just defined the crimes of the liar -in-chief, all of CONgress and high members of every alphabet agency. WHat do we do now?
"I can't comment becuae of pending litigation" is completely made up defense.
Based on 30 years' experience in the law, I call bullshit.
There is no Congress, Neo.
Well they have about 8000 "economists" on the payroll, "Homeland Security" has tens of thousands of agents a available to pick up & question all of them in one evening.
Hensarling=wallpaper
http://www.justice.gov/opa/pr/schlumberger-oilfield-holdings-ltd-agrees-...
JamieGorelick SLM board of directors 2002-2010
If you ignore treason, mass murder, ethnic cleansing why give cap about fed front running donors?
Sooooooooo you have to download spyware to read the govt letter investigating fed corruption?
Brilliant!
subpoeana Grandma Yellen and when she demures, throw her ass in the jail in the Capitol basement for contempt of congress
And don't skip the stripsearch, delousing and fire hosedown.
(saw it on Shawshank Injection)
If Rand Paul put forth a bill to Nationalize the Federal Reserve. Not only would I vote for him. I would work my ass off for his campaign
It's a gull, its a buoy, it's bullshit.
Mr. Yellen says; "We have to vote on the subpoena" before we can read it.
Have at it> FRB: Membership of the Board of Governors
The biggest corrution scandal still to come is at The World Bank.The corruption was at its height during the reign of Wolfowitz.Hundreds of billions wasted.
"More specifically, Yellen says the OIG has advised the Fed that providing access to the information requested by congress would risk "jeopardizing the investigation."" >> Did I really just read that providing clues/records would hinder investigation?!
You have to use a flashlight and a lasso with them types. Had a bad case of them sneakin around the pyramids on Q99X2 couple hundred thousand years back. You shine the light in their eyes at night and they freeze all up like a opossum. Shouldn't be much of a problem with that one seein how she sorta looks like one anyhow. Once ya get the noose tight enough you hall em in for prosecution, try em for treason and send them to Somalia with the rest of em. Go on get her outta here.
I believe this is econospeak for taking the fifth: