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Hensarling Slams Fed's "Willful Obstruction" In Leak Probe, Demands "Immediate Compliance"

Tyler Durden's picture




 

Pedro da Costa will be pleased (as should every other American who actually believes The Fed is NOT above the law) as Rep. Jeb Hensarling unleashes a damning letter to The Fed accusing them of "willful obstruction" in the Congressional leak probe. Hensarling and Duffy demand "immediate compliance" with the subpoena and see "no legal basis to withhold records from Congress." We are sure these 2 gentlemen will not be invited to the FOMC Press Conference either.

  • *HENSARLING: NO LEGAL BASIS TO WITHHOLD RECORDS FROM CONGRESS
  • *HENSARLING'S PANEL PROBES LEAK OF CONFIDENTIAL FOMC INFORMATION
  • *HENSARLING DEMANDS FED'S `IMMEDIATE COMPLIANCE' WITH SUBPOENA
  • *HENSARLING, DUFFY MAKE DEMAND IN LETTER ON PROBE OF FED LEAK
  • *HENSARLING ACCUSES FED OF `WILLFUL OBSTRUCTION' OF LEAK PROBE

As The Hill reports,

In a letter sent to Fed Chairwoman Janet Yellen, Hensarling and Rep. Sean Duffy (R-Wis.) accused the Fed of an inadequate initial examination, after it was discovered that investment advisers obtained inside Fed information before it was made public. And according to Hensarling, the Fed only reinvigorated that probe after lawmakers began asking, at which point the Fed said it could not hand over documents, lest it compromise that investigation.

 

The Fed’s Inspector General and the Justice Department are both investigating how the advisory firm Medley Global was able to detail for clients what Fed officials discussed in a private meeting, one day before the minutes of that meeting were made public.

 

But Hensarling’s panel has attempted to dig into the matter itself, and went so far as to subpoena the Fed in May to compel it to produce documents. But Yellen told Hensarling the Fed would not comply with the subpoena immediately, citing the ongoing investigations.

 

The fact that the Fed Inspector General briefly examined the matter years ago, and only reopened the investigation after lawmakers began making inquiries, has made Hensarling suspicious, as he accused the Fed of “vigorous and coordinated obstruction.”

 

“One plausible scenario is that the OIG merely ‘reopened’ the investigation to delay complying with the Committee’s requests,” he wrote. “That too is now the subject of the Committee’s investigation.”

 

But regardless of how and when other Fed investigations began, Hensarling insisted that Congress has the right to documents above all others. Saying his panel has the “absolute right” to requested records, Hensarling dismissed claims from the Fed’s Inspector General that executive prvilege allows them to not comply.

 

Rather, Hensarling said executive privilege can only be invoked against Congress by specific presidential request – and one has not been produced in this matter. And even if Prseident Obama did try to invoke executive privilege, Hensarling said his staff would still have the right to documents, because that privilege does not cover matters involving government misconduct.

 

Having made that argument, Hensarling said he expects nothing less than “full and immediate compliance” from the Fed.

*  *  *

The much-mentioned Medley Global Advsiors newsletter that the leak went into (via ProPublica)...

*  *  *

It appears Hensarling did not get the message from Yellen...

 

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Wed, 06/17/2015 - 13:06 | 6206087 Bill of Rights
Bill of Rights's picture

The rats are starting to eat each other, this is the part in the movie where it can get dangerous for the average sheep.

 

PS: Stay out of highrise buildings and keep an eye out for low flying planes.

Wed, 06/17/2015 - 13:09 | 6206106 BlowsAgainstthe...
BlowsAgainsttheEmpire's picture
  • *YELLEN: FUCK YOU HENSARLING
  • *YELLEN: FUCK YOU CONGRESS
  • *YELLEN: FUCK YOU EXECUTIVE BRANCH
  • *YELLEN: FUCK YOU COURTS
  • *YELLEN: FUCK YOU AMERICAN PEOPLE
  • Wed, 06/17/2015 - 13:14 | 6206127 Deathrips
    Deathrips's picture

    I demand all the feds horses (Kerry et al) and all the feds men (including yellen and moochelle) Hang themselves for their countrymen. Lets vote!

     

    RIPS

    Wed, 06/17/2015 - 13:32 | 6206183 y3maxx
    y3maxx's picture

    Rachel Dolezal to the rescue!!!

    If she can be black and white at the same time.....lets make the NWO currency with pics of her on both sides.

    Wed, 06/17/2015 - 13:41 | 6206235 SoilMyselfRotten
    SoilMyselfRotten's picture

    All they gotta do is say they were under direction from the Executive and they can keep all their dirty little secrets safe

    Wed, 06/17/2015 - 13:44 | 6206247 NoVa
    NoVa's picture

    she should have listened to the Micheal Jackson song

    Wed, 06/17/2015 - 13:32 | 6206209 AE911Truth
    AE911Truth's picture

    re: "willful obstruction"

     

    Revoke the Fed's charter.

    We don't need the Fed.

    We don't want the Fed.

    Get them out of out life and pockets, now.


    Wed, 06/17/2015 - 15:26 | 6206617 kchrisc
    kchrisc's picture

    I like your spirit, but the FedRes, and their Zionist masters, own Hensarling, CONgress, the Executive Branch, and the courts.

    They think they own the American people, but the many process servers for Liberty, like myself, make that presumption questionable in the long run.

    Liberty is a demand. Tyranny is submission..

     

    "I am a process server for Liberty.
    And I drive the guillotine.
    Searchin' in the tyranny for another treasoneer.
    I hear you begging on the gallows..."

    https://www.youtube.com/watch?v=4qoymGCDYzU

    Wed, 06/17/2015 - 13:09 | 6206108 Looney
    Looney's picture

    Mr. Yellen should be perp-walked in handcuffs during her FOMC press-conference.

    Looney

    Wed, 06/17/2015 - 13:16 | 6206141 centerline
    centerline's picture

    Pressure is mounting.  Folks playing the game are surely wondering who the scapegoat will be.  Be waiting quite some time for the sociopaths to reach meltdown and start shredding each other.  This is probably just a teaser though.  A little tremor before the real quake. 

    Wed, 06/17/2015 - 13:26 | 6206188 NoDebt
    NoDebt's picture

    I really want to see one or more of the following:

    1.  Bankers eating bankers.

    2.  Politicians eating bankers.

    3.  Bankers eating politicians.

    Did I forget one?  Well, yes, but politicians eating politicians happens every day so there's really nothing novel or interesting about it.

    Wed, 06/17/2015 - 14:25 | 6206399 XitSam
    XitSam's picture

    If politicians eating politicians happens every day, why are there so many politicians?

    Wed, 06/17/2015 - 16:34 | 6206861 Dame Ednas Possum
    Dame Ednas Possum's picture

    Because after eating they shit.

    Wed, 06/17/2015 - 13:57 | 6206290 joseJimenez
    joseJimenez's picture

    You forgot suspicious looking nail guns

    Wed, 06/17/2015 - 13:06 | 6206090 KnuckleDragger-X
    KnuckleDragger-X's picture

    Time to set up a gallows in front of the Eccles building and start a production line.....

    Wed, 06/17/2015 - 13:10 | 6206113 ted41776
    ted41776's picture

    there's nothing like the smell of a well oiled nailgun in the morning

    Wed, 06/17/2015 - 13:43 | 6206243 Bunga Bunga
    Bunga Bunga's picture

    Just someone bought a new one this morning.

    Wed, 06/17/2015 - 13:11 | 6206118 Miss Expectations
    Miss Expectations's picture

    Sir Oswald Mosley (1:41)

    Explains globalization and the goverment of the world...the power of money

    https://www.youtube.com/watch?v=3NqG2lAojNQ

    Wed, 06/17/2015 - 13:12 | 6206122 agstacks
    agstacks's picture

    Just wait to TSHTF...

    Wed, 06/17/2015 - 13:22 | 6206172 Not if_ But When
    Not if_ But When's picture

    Talking about FOMC press conferences.  I know this is an "old news" item, but if I had a press pass to ask Yellen one question, it would be this:

    "After MF Global "did its thing, Mr. Bernanke cited a statement by the New York Fed that was ludicrous on the face of it.  He said that granting a firm "primary dealer" status did not mean the firm had received any sort of "stamp of approval" from the NY Fed.  Ms. Yellen - Is this statement represent the current thinking of the Fed?"

    Wed, 06/17/2015 - 14:27 | 6206409 exi1ed0ne
    exi1ed0ne's picture

    Far simpler: "How do you intend for loan counter parties to pay back money loaned into existence at interest?"  Follow up would be "and how does this differ from slavery?"  If I haven't been shot yet "Where does the purchasing power for your inflation target come from, and who pays for it?"

    Fuck it, I'd just lob a grenade.  Nobody watching the presser would understand the relevance of those questions anyway.

    Wed, 06/17/2015 - 13:15 | 6206138 City_Of_Champyinz
    City_Of_Champyinz's picture

    Nothing but a bunch of corrupt and incompetent politcal hacks. The Fed is going to end up fucking all of us in the ass, and we will suffer the same sort of severe rectal trauma that the spoiled brat dipshit Getty heir took before he ass-bled to death.  Now that is dignity...

    Wed, 06/17/2015 - 13:19 | 6206153 centerline
    centerline's picture

    DC, FED, bankers, etc.  Quite a line of people collaborating in one way or another to screw the country for personal gain and power.

    Wed, 06/17/2015 - 13:16 | 6206142 stant
    stant's picture

    Where do nail gun hot tub throw them out the window guys go to retire after hitting the big time? I want set up a pub there and listen about the good old days

    Wed, 06/17/2015 - 13:17 | 6206145 gcjohns1971
    gcjohns1971's picture

    "as should every other American who actually believes The Fed is NOT above the law"

     

    Well... THERE'S your problem!

    Wed, 06/17/2015 - 13:17 | 6206146 Zirpedge
    Zirpedge's picture

    "Legal Basis" ha haha ahhaaha, who do you think owns the Judical branch? Not to mention the excecutive and legislative. Hey Hensalring, welcome to dog and pony show.

    Wed, 06/17/2015 - 13:18 | 6206150 matinee55
    matinee55's picture

    the oligarchs are not pleased, lifespan of hensarling now in question

    Wed, 06/17/2015 - 13:18 | 6206151 Zirpedge
    Zirpedge's picture

    "Legal Basis" ha haha ahhaaha, who do you think owns the Judical branch? Not to mention the excecutive and legislative. Hey Hensalring, welcome to dog and pony show.

    Wed, 06/17/2015 - 13:53 | 6206281 847328_3527
    847328_3527's picture

    Since absolutely no one, from Mozillo to Lerner, have complied with a "Congressional subpoena" what makes anyone think Yellen will?

     

    "Compliance with the Law," is for the Little Peeple.

    Wed, 06/17/2015 - 13:19 | 6206152 Snoopy the Economist
    Snoopy the Economist's picture

    How dare he try to bite the hand that feeds him!

    Wed, 06/17/2015 - 13:19 | 6206154 Zirpedge
    Zirpedge's picture

    "Legal Basis" ha haha ahhaaha, who do you think owns the Judical branch? Not to mention the excecutive and legislative. Hensalring meet dog and pony show.

    Wed, 06/17/2015 - 13:19 | 6206155 Zirpedge
    Zirpedge's picture

    "Legal Basis" ha haha ahhaaha, who do you think owns the Judical branch? Not to mention the excecutive and legislative. Hensalring meet dog and pony show.

    Wed, 06/17/2015 - 13:19 | 6206157 Zirpedge
    Zirpedge's picture

    "Legal Basis" ha haha ahhaaha, who do you think owns the Judical branch? Not to mention the executive and legislative. Hensalring meet dog and pony show.

    Wed, 06/17/2015 - 13:19 | 6206158 Zirpedge
    Zirpedge's picture

    "Legal Basis" ha haha ahhaaha, who do you think owns the Judical branch? Not to mention the executive and legislative. Hensalring meet dog and pony show.

    Wed, 06/17/2015 - 13:22 | 6206174 williambanzai7
    williambanzai7's picture

    Mortal, are you not entertained?

    Wed, 06/17/2015 - 13:28 | 6206195 NoDebt
    NoDebt's picture

    The rare "six pack" post.  Well done.

    Wed, 06/17/2015 - 13:19 | 6206161 buzzsaw99
    buzzsaw99's picture

    All our hopes now lie with two little Hobbits... [/Gandalf]

    Wed, 06/17/2015 - 13:20 | 6206162 Budd aka Sidewinder
    Budd aka Sidewinder's picture

    I would have personally commissioned the statue if instead of taking a pic with Ben Shalom at SALT, Peter Schiff had whipped out a 9 and emptied the clip into the side of his bald head

    Wed, 06/17/2015 - 13:20 | 6206165 Zirpedge
    Zirpedge's picture

    woah, mega glitch, internets tubes are excited today!

    Wed, 06/17/2015 - 13:46 | 6206252 NoVa
    NoVa's picture

    come on - I dare you to post another 6 times.  Double dog dare

    Wed, 06/17/2015 - 13:28 | 6206166 F0ster
    F0ster's picture

    If this was any other 'independent' business the BOD and major shareholders would have been arrested by now. The FBI are way past due to raid the Federal Reserve and shut these mother fuckers down.

    Wed, 06/17/2015 - 13:21 | 6206168 lawyer4anarchists
    lawyer4anarchists's picture

    The entire issue has been intentionally framed upside down.  There is no right to keep any secret by any agency   It is all just made up like most everything else they do.  Laughable lies. http://www.thetruthaboutthelaw.com/the-supreme-court-just-made-up-the-co...

    Wed, 06/17/2015 - 13:21 | 6206169 cowdiddly
    cowdiddly's picture

    Arrest warrant served? yep did'nt think so.

    Wed, 06/17/2015 - 13:25 | 6206187 BGO
    BGO's picture

    If Hensarling is unsuccessful at excising from Yellen's hairy claws the information he is requesting, maybe he could contact the ICIJ (.com) and have them look into it.

    Wed, 06/17/2015 - 13:30 | 6206200 Not if_ But When
    Not if_ But When's picture

    This (could) be the perfect case to bring before the Supreme Cout,  Except they would f*ck it up with some crazed ruling probably penned by the self-race-loathing lunatic Clarence Thomas.  Just like they've f*cked up every ruling this decade.

    Wed, 06/17/2015 - 14:35 | 6206447 Farqued Up
    Farqued Up's picture

    Did your meds IV needle pop out? Thomas is the only one there that has a brain.

    Wed, 06/17/2015 - 13:32 | 6206206 clade7
    clade7's picture

    I'm going all 'Dolezal' on this mutherhubbard! 

     

    I 'feel' 10yrs older than I am, so give me the damn SS checks!

     

     

    As far as Hensarling, he should open a brewery, He's got the name..

    Wed, 06/17/2015 - 14:38 | 6206453 TheReplacement
    TheReplacement's picture

    Good for you.  More power to you.

    I, personally, self identify as President (and temporary dictator) of The United States.  Now, where is my axe?

    Wed, 06/17/2015 - 13:32 | 6206211 LetsGetPhysical
    LetsGetPhysical's picture

    Yellen to Hensarling: "keep it up and I'll burn this motherfucker to the ground".

    Wed, 06/17/2015 - 13:34 | 6206217 Bunga Bunga
    Bunga Bunga's picture

    Who dares to insult the politburo of the banking cartell?

    Wed, 06/17/2015 - 13:35 | 6206222 CHC
    CHC's picture

    UNLESS Congree is willing to slap some hand-cuffs on someone then no one will comply  - what's the point?  Where's the consequences? 

    Wed, 06/17/2015 - 13:41 | 6206238 matinee55
    matinee55's picture

    meanwhile, the thiefs / crooks in whoreington are counting their kickbacks / bribes & looking for their next victim

    Wed, 06/17/2015 - 14:23 | 6206392 Berspankme
    Berspankme's picture

    Laws do not apply to Wash DC. A collection of the sleaziest fucktards on earth. They are an embarrassment to dictators worldwide

    Wed, 06/17/2015 - 14:42 | 6206470 mastersnark
    mastersnark's picture

    Unless that letter was read to her as she sat handcuffed in the back of a Capitol Police paddy wagon, I have my doubts she gives a squirt of piss what you demand, Congressmen.

    Wed, 06/17/2015 - 15:11 | 6206568 kchrisc
    kchrisc's picture

    "Hensarling Slams Fed's "Willful Obstruction" In Leak Probe, Demands "Immediate Compliance"

    Things like this make me laugh. Like a piece of shit pol, or crat, is  really concerned with the American people.

    His letter is a negotiating tactic. He desires more lucre, and/or a promise of a better position within the tyranny apparatus or a promised lucrative position within the system of crony corporate tyranny.

    First and foremost rule of pols and crats: They believe nothing. The more successful ones believe even less. They regurgitate and sell cover stories for their thefts, and the thefts of those actually paying them.

    A faith in pols and crats is a faith that the scorpion will successfully resist his true nature, and not sting and drown you--not going to happen.

    Liberty is a demand. Tyranny is submission..

     

    And he is already guilty of Article 3, Section 3 treason.

    "Voted for NDAA for 2012 and 2013, the FAA Bill, and the Patriot Act Sunset Extension."
    http://cdotx.com/ConstitutionalViolations.html

    He was supposedly for repealing Obamacare, as if that would happen, but later, it turns out, it was because he was being paid off to attempt to support "privatizing" (fascism) Medicaid and Medicare to the HIC (Healthcare-Industrial-Complex).
    http://thinkprogress.org/politics/2011/01/27/141105/hensarling-obamacare...

    Mon, 06/22/2015 - 16:37 | 6223199 SmittyinLA
    SmittyinLA's picture

    Congress has been blackmailed into submission, it's over, Yellen is a non-issue like a plastic deck chair on the Costa Concordia post leak, what about the US state Dept NSA CIA DOD DOJ and US Military taking marching orders from George Soros?  

    What about that Hensarling?

     

    Mon, 06/22/2015 - 17:04 | 6223234 SmittyinLA
    SmittyinLA's picture

    Hensarling took a pass on voting to defend freedom http://clerk.house.gov/evs/2014/roll561.xml

    ---- NOT VOTING    9 ---

    Campbell
    Capuano
    Duckworth Hall
    Hensarling
    Matheson Miller, Gary
    Negrete McLeod
    Smith (WA)

    Passed 214-212 

    So what passed? HR 776

    http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm...

    A green energy Communist propaganda bill tax on the American people (not carbon taxes but taxes for greenenergy propaganda)

    A Texas Congressman didn't bother to vote against Carbon tax propaganda. 

     

    Now it makes sense, he's a crony Socialist posing as a Republican, a red diaper baby born and bred in Texas on the Bush Crony Socialist collective.  https://en.wikipedia.org/wiki/Jeb_Hensarling  

    He served as vice president of Green Mountain Energy from 1999 to 2001.

    "I'll just not vote and screw my Texas energy constituents and consumers into the ground"

     

     

    Do NOT follow this link or you will be banned from the site!