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Fed Reporter Pedro Da Costa Is Leaving The Wall Street Journal After Asking Yellen "Uncomfortable" Questions

Tyler Durden's picture




 

It was virtually inevitable.

As we reported on June 17, Pedro Da Costa, one of the more determined and controversial Fed reporters, was shocked to learn he was no longer welcome to ask Janet Yellen uncomfortable questions, questions related to the biggest scandal currently gripping the Fed: its leaks of proprietary information to "expert network" Medley Global (recently sold by Pearson to Japan's Nikkei) and one which has since morphed into a criminal investigation.

As a reminder, this is the Q&A that got Pedro in hot water with Janet Yellen during the March press conference:

PEDRO DA COSTA. Pedro da Costa with Dow Jones Newswires. I guess I have two follow-ups, one with regard to Craig’s question. So, before the IG’s investigation, according to Republican Congressman Hensarling’s letter to your office, he says that, “It is my understanding that although the Federal Reserve’s General Counsel was initially involved in this investigation, the inquiry was dropped at the request of several members of the FOMC.” Now, that predates the IG. I want to know if you could tell us who are these members of the FOMC who struck down this investigation? And doesn’t not revealing these facts kind of go directly against the sort of transparency and accountability that you’re trying to bring to the central bank?

 

CHAIR YELLEN. That is an allegation that I don’t believe has any basis in fact. I’m not going to go into the details, but I don’t know where that piece of information could possibly have come from.

 

PEDRO DA COSTA. If I could follow up on his question. I think when you get asked about financial crimes and the public hears you talk about compliance, you get a sense that there’s not enough enforcement involved in these actions, and that it’s merely a case of kind of trying to achieve settlements after the fact. Is there a sense in the regulatory community that financial crimes need to be punished sort of more forcefully in order for them to be—for there to be an actual deterrent against unethical behavior?

 

CHAIR YELLEN. So, the—you’re talking about within banking organizations? So, the focus of regulators—the banking regulators—is safety and soundness, and what we want to see is changes made as rapidly as possible that will eliminate practices that are unsafe and unsound.

 

We can’t—only the Justice Department can bring criminal action, and they have taken up cases where they think that that’s appropriate. In some situations, when we are able to identify individuals who were responsible for misdeeds, we can put in place prohibitions that bar them from participating in banking, and we have done so and will continue to do so.

The difficult question starts at around 45:30 - look at Yellen's face when asked the question for a clue as to her next move.

 

Shortly aftert this exchange we learned that indeed the Justice Department did launch a criminal probe for leaks at the Fed itself as was disclosed shortly after the above exchange, a probe which may very well implicate anyone, including Janet herself hence her eagerness to avoid any "touchy" questions.

Nonetheless, after "shutting down" Pedro, the result was a "chilling effect" on any actually probing questions, and the same day that Pedro announced he would not be present at the June Fed press conference, not a single other journalist dared to ask anything on the topic. We commented:

... In retrospect, we can understand why. In a world in which the Fed perceives itself as omnipotent, and where anyone even daring to question its motives, its methods or its track record, is a threat to be eradicated or at least barred from all future opportunities for further humiliation and disclosure that the emperor has indeed been naked from day one, at even such token events as a press conference where questioners are generously afforded 60 seconds in which to expose said emperor.

 

This is what Pedro found out the hard way today, a discovery which also allowed the rest of us to finally comprehend the farcial, hollow facade this country has passing off as its crack "financial journalists" asking "tough questions" all of whom ended up being nothing more than "access scribes", terrified to open their mouths and lose their access, an outcome which incidentally just might force them to do some real reporting for once, instead of sending rhetorical letters to the middle class asking why it keeps being "stingy" instead of spending its hard-earned money, and making the beloved Fed's life so difficult...

The hint in the last paragraph of course was that Pedro had also managed to rub certain of his colleagues and editors, some who are observed with far greater regard by the Fed because of their willingness to only ask preapproved questions.

Sure enough, moments ago all this was confirmed when Pedro just announced that tomorrow would be his last day at the Wall Street Journal.

And that, in a nutshell, is how the world's "freest press" operates.

 

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Thu, 07/30/2015 - 10:46 | 6370940 Jacksons Ghost
Jacksons Ghost's picture

He was given the choice of resigning or buying a nail gun.

Thu, 07/30/2015 - 10:48 | 6370953 Haus-Targaryen
Haus-Targaryen's picture

If people cannot see how the US and its financial arm is literally no different than the USSR -- then you are blind as a bat.  

Are we locking people up in camps and starving them to death?  Not yet.

 

Thu, 07/30/2015 - 10:53 | 6370968 Payne
Payne's picture

The Guardian or RT which one will pick him up or neither ?

Thu, 07/30/2015 - 10:58 | 6370980 NoDebt
NoDebt's picture

He's radioactive now.  No major MSM outlet will touch him.

Might be a good addition to ZH.

Thu, 07/30/2015 - 11:04 | 6371013 813kml
813kml's picture

I could see him getting picked up by RT, he and Snowden could share an office.

Thu, 07/30/2015 - 11:10 | 6371038 PrayingMantis
PrayingMantis's picture

 

 

... Pedro Da Costa was up against the Red Shields ...

Thu, 07/30/2015 - 11:15 | 6371055 Waylon Bits
Waylon Bits's picture

There are no "stupid questions".... unless you probe too deeply into a multi-trillion dollar ponzi.

Thu, 07/30/2015 - 11:24 | 6371090 MillionDollarBonus_
MillionDollarBonus_'s picture

This was unfortunately the only honourable choice for Mr. Da Costa. His inflammatory questions were highly inappropriate at a times when our economic recovery is in its early stages and is vulnerable to a drop in confidence. A man of Mr. Da Costa's standing should know this, and his actions demonstrate a complete disregard for the economic wellbeing of this country. I hope this incident servers as an example of how not to ruin your career as a journalist!

Thu, 07/30/2015 - 11:27 | 6371101 lehmen_sisters
lehmen_sisters's picture

Your trolling has been superb recently, very impressed. 

Thu, 07/30/2015 - 11:38 | 6371142 MANvsMACHINE
MANvsMACHINE's picture

I see BillionDollarBonus_ in his future.  Yes, he's that good!

Thu, 07/30/2015 - 12:54 | 6371457 Colonel Klink
Colonel Klink's picture

He's not that good, it's just inflation in fiat.

Thu, 07/30/2015 - 13:07 | 6371531 Model T
Model T's picture

Yawohl , mein Oberst !

Thu, 07/30/2015 - 13:09 | 6371544 Silky Johnson
Silky Johnson's picture

Why does this motherfucker sound like Jackie Mason? I know they're both comedians but come on.

Thu, 07/30/2015 - 13:39 | 6371659 J S Bach
J S Bach's picture

Notice how ET's eyes bug out and its head bobs up and down as it tries to skirt the question.  Inside, one can sense its seething hatred for this pretentious goy for daring to seek any kind of truth or transparency from this criminal body of alien banksters.

An hour later... after the conference... the phone call was made to the Wall Street Journal.

Thu, 07/30/2015 - 13:47 | 6371709 Colonel Klink
Colonel Klink's picture

Hahaha, ET.  That one made me laugh.  I think she looks more like Star Trek's Balok.

http://www.startrek.com/legacy_media/images/200306/tos-003-balok-threate...

Thu, 07/30/2015 - 11:49 | 6371183 Elliott Eldrich
Elliott Eldrich's picture

A troll one actually wants to feed. What a talent.

Thu, 07/30/2015 - 12:12 | 6371267 TruthHammer
TruthHammer's picture

@MillionDollarPoser

dont you get tired of wearing someone else's name, and doing a poor job of imitating his style of trolling n00bs with fake posts?  I mean, it really is a lot of effort just to rip off someone else's shtick...

Thu, 07/30/2015 - 12:19 | 6371297 847328_3527
847328_3527's picture

Soon, the internet will be censored and all "uncomfortable" comments removed.

Thu, 07/30/2015 - 14:20 | 6371869 zvzzt
zvzzt's picture

never, and for one easy reason. If major censorship comes, all will know what a sham the MSM and governments are. Keep it like this and the 'outcasts' can be made fun off as unpatriotic phsychopats, thus further strengthening MSM/.gov credibility. 

Thu, 07/30/2015 - 14:52 | 6372023 SeattleBruce
SeattleBruce's picture

Right - we're an allowable opposition at the moment.  Kind of like the tea parties and occupies - but those groups overstep their allowed boundaries sometime...they want us to stay on a rolling boil...most Murikans are the frogs inside that pot though...

Thu, 07/30/2015 - 17:05 | 6372673 TwelveOhOne
TwelveOhOne's picture

Uh, I think @847328_3527 meant "EMP".

Thu, 07/30/2015 - 14:00 | 6371777 FixItAgainTony
FixItAgainTony's picture

A K street firm should pick MDB up, he has the reality twisting talent of Frank Luntz.

Thu, 07/30/2015 - 11:30 | 6371111 EscapeKey
EscapeKey's picture

Besides, answering those questions have all sorts of national security implications, and we simply can't have any reporter asking rebellious and improper questions, as it could lead to all sorts of misinterpretations.

Thu, 07/30/2015 - 14:54 | 6372034 SeattleBruce
SeattleBruce's picture

"as it could lead to all sorts of misinterpretations."

...like the truth...

Thu, 07/30/2015 - 17:08 | 6372698 TwelveOhOne
TwelveOhOne's picture

With regard to "national security": any time something is classified means a conspiracy is happening.

A conspiracy is "two or more people acting with one or more people unknowing."

Thus surprise parties, and the mafia, are conspiracies.

If the government decrees certain pieces of paper to be "confidential" or "classified", then one can be certain that a conspiracy is happening: two or more people, in the government, are acting with (one or more of) The People not knowing what they're doing.

Thu, 07/30/2015 - 11:30 | 6371112 Hippocratic Oaf
Hippocratic Oaf's picture

Welcome back MDB

Thu, 07/30/2015 - 11:31 | 6371113 toady
toady's picture

Heaven forbid Mr Yellen, or any of TPTB, feel uncomfortable. 

Thu, 07/30/2015 - 14:17 | 6371864 The Limerick King
The Limerick King's picture

My new most popular limerick on Twitter...thanks to Tyler:

 

A hero named Pedro stood tall

To question the Fed took some gall

The Powers That Be

Hate a press that is free

So Pedro is taking the fall


Thu, 07/30/2015 - 11:35 | 6371134 cheech_wizard
cheech_wizard's picture

>His inflammatory questions were highly inappropriate at a times when our economic recovery is in its early stages and is vulnerable to a drop in confidence.

7 years is not early stages. Although I'm quite sure America's elite press corp would have given you a pass on this, 

Therefore I offer the following small correction.

"His inflammatory questions were highly inappropriate at a time when our economic recovery is in its middle stages and a rate increase is looming in the immediate future..

Thu, 07/30/2015 - 14:55 | 6372043 SeattleBruce
SeattleBruce's picture

And I'll correct your correction, although I'm sure we agree:

"His inflammatory questions were highly inappropriate at a time when our fake economic recovery is in its middle stages and a rate increase is looming in the immediate future.."

Thu, 07/30/2015 - 11:36 | 6371137 bmr22
bmr22's picture

Really? Our supposed economic recovery has been in it's early stages for 6 years now. Someone at least had the balls to ask some tough questions.

Thu, 07/30/2015 - 13:01 | 6371506 Oldwood
Oldwood's picture

And given that ongoing fragility, we cannot afford to upset the delicate balance of trust and confidence that the public holds for these financial institutions, not to mention, the Fed itself. Holder laid this out for us in no uncertain terms. They have us by the nuts and simply dare us to start Yellen in pain. This guy got off easy. The rest of us...not so much.

Thu, 07/30/2015 - 11:42 | 6371157 Fish Gone Bad
Fish Gone Bad's picture

our economic recovery is in its early stages

What??? Our economy is roaring along and everyone is so rich they are going to buy Bat Mobiles.  /s

Thu, 07/30/2015 - 11:48 | 6371177 large_wooden_badger
large_wooden_badger's picture

/sarc

Thu, 07/30/2015 - 12:39 | 6371388 bilbert
bilbert's picture

+100

Classic MDB!

Thu, 07/30/2015 - 11:25 | 6371091 Keyser
Keyser's picture

And yet another real journalist takes one for the team... Let's hope his car doesn't suddenly explode or he takes a long walk off a tall building... All the while, the sheeple focus on Kaitlyn Jenner and Tom Brady, with a dose of Cecil the Lion thrown in for good measure... The US is fucked, pure and simple... It's not a matter of cognitive dissonance, the vast majority of people simply don't care...  

Thu, 07/30/2015 - 12:32 | 6371358 overmedicatedun...
overmedicatedundersexed's picture

keyser, says:." It's not a matter of cognitive dissonance, the vast majority of people simply don't care...  "

the middle class still has homes new cars and vacations and good food varity and can send johnny/joany to college..they are entertained are they not?.not the soup to make revolution...

when police/atf/fbi in mass came armed to the teeth and said get out ..the common folk did- with a thank you.

us malcontents here on ZH do mental masturbation every day, but few if any want civil war..we are easy lazy and treated as we deserve by those elite reptiles who see us for what we are..fat sheep.

 

 

Thu, 07/30/2015 - 13:31 | 6371632 Oldwood
Oldwood's picture

Its never been about fixing things, it about convincing and if that doesn't work, imposing our views on others.

I'm right and you are stupid (or a Joo) if you don't agree.

The debate is over....and I win, and you will be disparaged and lose your job if you don't agree.

I was against gay marriage before I was for it, thank you very much!

I find myself feeling more enlightened every day, as the consequences for not are severe indeed.

Another nonproductive exertion....yet I do feel better, thanks.

Thu, 07/30/2015 - 13:06 | 6371529 FreeMoney
FreeMoney's picture

It is all dissonance and no cognitive.

Thu, 07/30/2015 - 11:28 | 6371104 The Black Bishop
The Black Bishop's picture

Guess he didnt understand the mainstream media is in on the great swindle. Owned by the same tribesmen that own the Fed.

Thu, 07/30/2015 - 11:12 | 6371044 Thought Processor
Thought Processor's picture

 

Let this be a lesson to all others out there who are flirting with the idea of acting like real journalists.

 

 

Thu, 07/30/2015 - 11:18 | 6371064 t0mmyBerg
t0mmyBerg's picture

Yeah all I can say is wow.  I guess this means there is fire where there is smoke.  Old Janet going to be going off stage in shackles if they want her taken down.

I guess that quashes any notion I might have ever had to resubscribe to that POS paper.

Thu, 07/30/2015 - 12:47 | 6371419 ajax
ajax's picture

 

 

Just like Switzerland's press.

Thu, 07/30/2015 - 11:13 | 6371014 astoriajoe
astoriajoe's picture

Maybe an economics reporter with Glenn Greenwald at The Intercept?

Thu, 07/30/2015 - 11:35 | 6371135 Serfs Up
Serfs Up's picture

...and Ted Rall....

Thu, 07/30/2015 - 11:06 | 6371019 Lumberjack
Lumberjack's picture

ZHTV. 

Thu, 07/30/2015 - 11:41 | 6371147 Lumberjack
Lumberjack's picture

I'm serious. There is enough technical, legal and financial talent here to pull it off.

Thu, 07/30/2015 - 11:53 | 6371197 Lumberjack
Lumberjack's picture

A lot of good reporters would be more than happy to get on board and the tylers/contributors cover a good range of subject matter that the population would love. Technicians/engineers/sound people and camera operators would love this chance as would your average investor. Hell, Mrs. Cog could do a show that would make PBS green with envy. Build it and they will come.

Thu, 07/30/2015 - 12:19 | 6371292 prefan4200
prefan4200's picture

If ZHTV becomes remotely popular, TPTB will be certain to "educate" ZHTV producers and reporters regarding the dangers of home improvement, specifically, making them examples of how dangerous nailguns can really be.  Asking tough questions won't be any safer at ZHTV than at WSJ or anywhere else. 

Forward, comrades.

Thu, 07/30/2015 - 12:26 | 6371313 Lumberjack
Lumberjack's picture

Nanex would pound 60 minutes and Bloomberg. Great science/investigative show.

 

to answer your question, the very capable viewership would certainly FROWN upon such tactics...

Thu, 07/30/2015 - 16:21 | 6372454 11b40
11b40's picture

I have often thought the same.  Not sure about TV, but a radio show would be great.  I spend a lot of time in the car, and even though I have satellite radio, I would love to have someone reading the ZH articles to me.  A ZH inter-active talk show, like the C-Span format might work well, too.

Thu, 07/30/2015 - 11:09 | 6371034 nickels
nickels's picture

The Fed is sowing the seeds of it's own defeat. Creating "Ronin" journalists will result in a modern re-make of "Seven Samurai" with dire consequences for the government.

Thu, 07/30/2015 - 11:42 | 6371156 XitSam
XitSam's picture

Wrong. The Seven Samurai went up against a band of about 40 bandits.  They did not go up against a samurai army.

Thu, 07/30/2015 - 12:02 | 6371227 Rusty Shorts
Rusty Shorts's picture

Like this journalists??? @ 1:12 

 

https://www.youtube.com/watch?v=D4KROpdUkrM

Thu, 07/30/2015 - 13:28 | 6371618 Vullsain
Vullsain's picture

But wait one darn minute here!! the US has a wonderful tradition of freedom of the press and investigative reporting!! isn't this necessary so as to have an informed citizenry and a national discussion that is critical in a representative democracy, like our founding fathers invisioned? The inference that our trusted press is somehow influenced by a political-oligarchy is a conspiracy hatched by those damn ruskie commies!!

Thu, 07/30/2015 - 20:12 | 6373336 lunaticfringe
lunaticfringe's picture

Fuck 'em. If ya can't ask the tough questions it ain't fucking journalism anyway. It's just creative writing.

Thu, 07/30/2015 - 12:00 | 6371198 Paveway IV
Paveway IV's picture

Fuck the Wall Street Journal.

That has-been government stenographer's rag of worthless spew. I'll celebrate the day they bury its putrid corpse. It ceased to be relevant years ago - it belongs in the dusbin of history along with the rest of the toxic MSM trash.

A lone pallbearer at the funeral of the cancerous zombie called the U.S. economy, and not a day too early.

Thu, 07/30/2015 - 14:31 | 6371934 Hans-Zandvliet
Hans-Zandvliet's picture

Don't count on the Guardian anymore. They kicked out Nafeez Ahmed after he asked uncomfortable questions about Israel's motives to keep Palestinian territories occupied and starved (Palestinian natural gas). nd the Guardian has become an echo chamber of Gringo agression against Russia over the Ukraine. The Guardian has degraded to the level of PPP (Pentagon Propaganda Paper). On the bright side: excelent sports journalism!

 

Thu, 07/30/2015 - 10:56 | 6370978 NoDebt
NoDebt's picture

Your papers, please, Mr. DeCosta.  Mr. DeCosta you do not have authorization to be in this area, please come with us.

Thu, 07/30/2015 - 11:04 | 6371012 ThroxxOfVron
ThroxxOfVron's picture

"Are we locking people up in camps and starving them to death?  Not yet. "

 

Don't act a fool.   You damned well know better.

 

Highest incarceration rate per capita in the world.  That includes Russia.  Wanna argue North Korea?   Facile...

For profit prisons.  Forced labor.   T.B. & AIDS.

Jeezus Cripes: calorie counts are the basis for your consideration of labor-camp (im)morality?   

 

Do you wear that pointy little hat because your fucking cranium is little and pointy?

Thu, 07/30/2015 - 11:08 | 6371031 Haus-Targaryen
Haus-Targaryen's picture

I don't wear hats.  HTH 

Thu, 07/30/2015 - 12:21 | 6371307 jcdenton
jcdenton's picture

"Wanna argue North Korea?"

I sure do genius. Prepare yourself for an education:

http://www.veteranstoday.com/2013/02/13/intel-dump-wednesday-february-13...

So far as the "Coup of 1913," anyone giving a pass to these perps is complicit in my book with the traitors. So prepare your necks to hang with them in due course ..

http://www.veteranstoday.com/2015/01/11/another-thwarted-attempt-to-hija...

"...major disbursement scheduled is 100 Billion USD to set up an ongoing special Task Force to investigate and prosecute organized crime and government and corporate corruption at any level."

http://eagleonetowanta.com/

Ever heard of the term "Boston Brakes?" The USG/SSG has ~200 bases around the world. These include CIA/DIA stations that are disguised as front offices in countries like Turkey and Morroco, in which they use their prisons systems for rendition. And then there is GITMO. You really do need to get up to speed on things. Did anyone mention Michael Hastings?

http://www.veteranstoday.com/2013/06/19/we-got-the-message/

 

Thu, 07/30/2015 - 14:58 | 6372059 Alvin Fernald
Alvin Fernald's picture

Gordon Duff of VT: "If I didn't write false information, I wouldn't be alive"

https://www.youtube.com/watch?v=3m-ZY0R1HdQ

Thu, 07/30/2015 - 11:05 | 6371016 Shawnee
Shawnee's picture

HEY ZH, STOP THOSE ADS FROM PLAYING AUTOMATICALLY DAMMIT!

 

Thu, 07/30/2015 - 11:10 | 6371041 Bunghole
Bunghole's picture

Hew Shawnee,

Quit your bitching and install an ad blocker.

Does your mommy still tie your shoes?

Thu, 07/30/2015 - 11:34 | 6371127 Hippocratic Oaf
Hippocratic Oaf's picture

Shawnee-

It's your own fault. If you open up porn, it's gonna be sent back to you as advertising. Same with GM, I just don't know which is worse.

Thu, 07/30/2015 - 11:45 | 6371163 cheech_wizard
cheech_wizard's picture

Shawnee, you do know how to operate a computer, do you not? Aside from locating the on/off switch, that is...

Standard Disclaimer: Postings like this merely reinforce in everyone else's mind that in this day and age of technology, you are a computer illiterate. You are aware, that in as much as I dislike holding the hands of small children, occasionally I must cast a few pearls of wisdom before swine.

You are aware that you can actually type a question into a search engine... like this perhaps... how do i stop ads from playing automatically?

And google is more than happy to oblige you with approximately 1.3 million results.

 

 

 

 

Thu, 07/30/2015 - 12:16 | 6371284 Atomizer
Atomizer's picture

Shawnee must be McCain trying to read Zerohedge posts. 

/sarc

Thu, 07/30/2015 - 11:22 | 6371075 clooney_art
clooney_art's picture

 

> Are we locking people up in camps and starving them to death?  Not yet.

 

No. People are turning up dead in jails for no apparent reason.

Thu, 07/30/2015 - 11:24 | 6371089 mr.n3utr0n
mr.n3utr0n's picture

The Empire will not go down without a fight.

Jean-Claude Juncker  "When it Becomes Serious, You Have to Lie".

Thu, 07/30/2015 - 11:45 | 6371169 Ghordius
Ghordius's picture

in an Empire of Lies, such words would be treason, and he would have to be disposed of

Pedro Da Costa asked the wrong questions and had to leave. Juncker said those words... and people here nodded. and went on to reelect him, and reappoint him

now a very serious question: what would be the popular reaction in the US if a state governor would say something like that? could it be that there are... differences, in all this?

Thu, 07/30/2015 - 11:47 | 6371176 pigs-n-space
pigs-n-space's picture

2  Down votes. ......must be the blind bats..

Thu, 07/30/2015 - 12:17 | 6371277 Froman
Froman's picture

"Are we locking people up in camps and starving them to death?  Not yet."

Coincidentally, that was suggested by Wesley Clark just the other day.

Thu, 07/30/2015 - 14:31 | 6371935 PTR
PTR's picture

You don't need a camp.  Just enforcement of movement across political boundaries.

As for the starving, prices just haven't reached batshit stupid yet.

Thu, 07/30/2015 - 10:53 | 6370966 SHEEPFUKKER
SHEEPFUKKER's picture

RIP Pete. 

Thu, 07/30/2015 - 10:59 | 6370987 813kml
813kml's picture

Justice is swift when one fails to curtsy before the Queen of Green.

Thu, 07/30/2015 - 10:55 | 6370975 williambanzai7
williambanzai7's picture

AGE OF DECEIT

Thu, 07/30/2015 - 11:16 | 6371056 Reaper
Reaper's picture

What is truth? The words of our financial uebermensch, Janet.

Thu, 07/30/2015 - 11:35 | 6371132 giovanni_f
giovanni_f's picture

Freedom of press, Ukrainian style. Fascist corporations have taken over.

Btw, how many Merikens know that WSJ is Murdoch's used toilet paper?

Thu, 07/30/2015 - 12:04 | 6371233 fremannx
fremannx's picture

"In an Empire of Lies, Truth is Treason." - Ron Paul from his book Revolution.

Thu, 07/30/2015 - 11:34 | 6371126 BullyBearish
BullyBearish's picture

Another "banker" SOF...Show Of Force...like massive short squeezes, pounding down precious metals and the VIX, and stealing from retirees...Be prepared for many more of these as the unwind begins

Thu, 07/30/2015 - 12:57 | 6371470 ZH Snob
ZH Snob's picture

it is gresham's law of journalism: the substandard journalists with no professional pride will eventually drive out the real journalists.

Thu, 07/30/2015 - 13:35 | 6371647 JLee2027
JLee2027's picture

Despite her massive power, I have a hard time taking the tiny white haired troll seriously.

Thu, 07/30/2015 - 10:47 | 6370942 Chupacabra-322
Chupacabra-322's picture

Why anyone would choose to work at a piece of rag which isn't even good enough at wiping ypur with is beyond me.

Thu, 07/30/2015 - 10:47 | 6370948 nuubee
nuubee's picture

The same reason young american males still volunteer for the military, Belief.

Thu, 07/30/2015 - 10:51 | 6370958 dontgoforit
dontgoforit's picture

No, it's a job, not just an adventure.

Thu, 07/30/2015 - 10:47 | 6370943 PartysOver
PartysOver's picture

Unleash Pedro!!!!!  Be dog with a bone buddy.

Thu, 07/30/2015 - 10:47 | 6370944 ParkAveFlasher
ParkAveFlasher's picture

"Give the Governor a harumph!"

Thu, 07/30/2015 - 10:48 | 6370950 Normalcy Bias
Normalcy Bias's picture

Stay away from hot tubs, Pedro!

Thu, 07/30/2015 - 10:48 | 6370952 i_call_you_my_base
i_call_you_my_base's picture

What a shame. The WSJ is a propaganda arm of the US financial elite, and nothing more. Best of luck to Pedro.

Thu, 07/30/2015 - 20:18 | 6373363 lunaticfringe
lunaticfringe's picture

Vote for Pedro.

-Napoleon D

Thu, 07/30/2015 - 10:49 | 6370956 dontgoforit
dontgoforit's picture

Under the rug.  Truth will get you free and unemployed.  Beware the truth.

Thu, 07/30/2015 - 10:52 | 6370959 IPURDOM75
IPURDOM75's picture

a good journalist is unemployed, otherwise he's a prostitute.

Thu, 07/30/2015 - 10:56 | 6370976 Big Corked Boots
Big Corked Boots's picture

+1! Mind if I steal that? It's very apropo to nj.com.

Thu, 07/30/2015 - 11:06 | 6371021 falak pema
falak pema's picture

you can even steal : a failed journalist is both unemployed and a prostitute. 

Thu, 07/30/2015 - 11:25 | 6371092 IPURDOM75
IPURDOM75's picture

sure, it's not mine anyway. It's from Alain Soral.

Thu, 07/30/2015 - 10:52 | 6370961 JLO
JLO's picture

Do as I say. Not as I do.

Thu, 07/30/2015 - 10:52 | 6370962 BeaverCream
BeaverCream's picture

Rupert Murdoch has done a phenomenal job of pretending to not be a....uknowwho. 

Thu, 07/30/2015 - 10:59 | 6370989 chunga
chunga's picture

Hasbara proof the tribe doesn't control 100 percent of MSM...just 99 percent, you racist.

Thu, 07/30/2015 - 11:18 | 6371066 BeaverCream
BeaverCream's picture

Even if they do...so what????

 

http://rense.com/general21/bet.htm

Thu, 07/30/2015 - 11:30 | 6371109 nevertheless
nevertheless's picture

"So what" are you serious? The point is we get ONLY zionist propaganda.

They villainize Muslims, they make people from the south look stupid, they make white men ineffectual, dead beat racist drunks, they make illegal immigration seem like America's greatest gift. Divide and conquer.

Hollywood is just e of the many levers of manipulation the parasite tribe has sued to control America, period.

 

Thu, 07/30/2015 - 11:00 | 6370969 Rainman
Rainman's picture

This is what happens when an honest journalist tries to mug a fragile looking Chairsataness Granma accountable only to her bankster* overlords.

            * big WSJ advertisers

Thu, 07/30/2015 - 10:54 | 6370971 roisaber
roisaber's picture

Forward, Soviet.

Thu, 07/30/2015 - 10:57 | 6370983 falak pema
falak pema's picture

I think Yellen does not speak English logic anymore and Da Costa does not speak Fedese  illogic.

Thats like that Abbot and Costello show : Who is on first base?--Who--and who is on second base?--no, its Why !

Can't talk ball, let alone play it. 

 

Thu, 07/30/2015 - 11:12 | 6371046 813kml
813kml's picture

What kind of monster would torture an elderly dementia patient with questions about reality?

Thu, 07/30/2015 - 12:25 | 6371323 Oh regional Indian
Oh regional Indian's picture

Ouch for Uncle J...I watched Through a Scanner Darkly today...your statement resonated...

Thu, 07/30/2015 - 10:58 | 6370985 dot_bust
dot_bust's picture

Pedro had the courage to question the actions of the Federal Reserve, an institution whose very structure is corrupt to the core.

The Fed is comprised of people from the too-big-to-fail banks. Why wouldn't these bankers trade on the interest rate decisions that they're making as part of the Fed? After all, crime is a way of life for them.

And when the Fed bankers get loans from the U.S. Treasury through the Fed apparatus, these bankers then loan the money back to the Fed and get interest payments for depositing the money there. So, in essence, these banksters are taking loans from the American people and making us pay them interest on those loans. That's actually the very definition of theft.

 

Thu, 07/30/2015 - 11:23 | 6371084 nevertheless
nevertheless's picture

It is my belief that the Federal Reserve may have had a direct role in the assignation of JFK. I know, I know, "conspiracy theorist", but it is certainly rather coincidental that JFK who was actively trying to remove the US from the tit of the Federal Reserve, by authorizing America  print is own money, Executive Order 11110, was 5 months later assassinated. JFK was killed just prior to the implementation of that order. Interestingly, the crook LBJ, pulled the plug of EO 11110 just days afting office.

Thu, 07/30/2015 - 11:45 | 6371168 Bastiat
Bastiat's picture

If so, they are near the heart of the shadow government because they sure as hell did not do it alone.  Long time Secret Service director resigns not long before the assassination.  SS agents ordered off their human shield positions on the running boards of the president's limo just before it turned the corner-- one of agents can be seen in one of the films throwing his hands up in a WTF? gesture after being ordered off. 

Thu, 07/30/2015 - 12:20 | 6371302 dot_bust
dot_bust's picture

You make some excellent points, and I agree with you wholeheartedly. But getting people to care about an assassination that happened decades ago is challenging.

As you said, JFK's security was stripped on November 22, 1963. Miraculously, on just that one day, the U.S. Secret Service didn't follow any of the established procedures for protecting the president.

So, many of the Secret Service agents in charge of presidential security that day in Dallas, TX, and their superiors should have been arrested and tried for high treason. There are penalties for ignoring presidential security protocols. Those protocols aren't optional. They're mandatory.

It is still possible to issue arrest warrants and charges for those Secret Service agents. It would simply take someone with the courage to do so. 

Thu, 07/30/2015 - 12:51 | 6371440 Bastiat
Bastiat's picture

Highly recommend "Echos from Dealey Plaza" by Abraham Bolden

http://www.amazon.com/Echo-Dealey-Plaza-American-assassination-ebook/dp/...

It will offset the influence of some of the racism this board gets poisoned with.  A profoundly honorable and courageous man, Abraham was the first black on the white house detail of the Secret Service.  He was there on JFKs invitation. He was moved when he spoke out against drinking and other misbehavior.  He stumbled on a little known (now) parallel assasination plot in Chicago where he was in the field office.   His reward?  He was framed and railroaded thorugh Chi-town courst on some lame crap and ended up in criminal psych ward.  He lived through it and got out.  Absolutely staggering story.  I believe he is still alive.

Wiki summary:  https://en.wikipedia.org/wiki/Abraham_Bolden

Thu, 07/30/2015 - 13:32 | 6371638 dot_bust
dot_bust's picture

Thanks very much for the links. That looks like a book worth reading.

Thu, 07/30/2015 - 10:59 | 6370988 Dr. Engali
Dr. Engali's picture

At least he didn't have his engine fly out of his Mercedes...... yet.

Thu, 07/30/2015 - 11:05 | 6371015 Normalcy Bias
Normalcy Bias's picture

Yeah, if I were him I'd be shopping for a beefy pre-1980 truck.

Thu, 07/30/2015 - 11:07 | 6371025 ThroxxOfVron
ThroxxOfVron's picture

Probably shouldn't ride in a Jeep Cherokee any time soon either...

Thu, 07/30/2015 - 11:00 | 6370996 Harper's Rug
Harper's Rug's picture

Pedro, first move and get yourself a ground floor, or basement apartrment, so you can't fall out the window.......

Thu, 07/30/2015 - 11:02 | 6370997 Bill of Rights
Bill of Rights's picture

Ass clown alert!

 

Mayor de Blasio: Feds must rescue Puerto Rico

http://www.cbsnews.com/news/mayor-de-blasio-feds-must-rescue-puerto-rico/

 

 

Thu, 07/30/2015 - 12:11 | 6371254 Atomizer
Atomizer's picture
Warren Wilhelm Jr.,born name. 

He needs three hollyweird stage names to bury his past. 

http://m.nydailynews.com/news/election/de-blasio-names-de-blasio-article...

Thu, 07/30/2015 - 11:01 | 6370999 Lumberjack
Lumberjack's picture

Go get em Pedro! 

Thu, 07/30/2015 - 11:03 | 6371001 muka
muka's picture

Wow, they're putting heads on stakes now. Where's Kurtz?

Thu, 07/30/2015 - 12:32 | 6371368 Baa baa
Baa baa's picture

Eating a Vietnamese orphan.

Thu, 07/30/2015 - 11:03 | 6371003 Peter Pan
Peter Pan's picture

It's a pity ths guy did not ask one moreuncomfortable question of Yellen....
"Are you really a woman or are you Mrs Doubtfire?"

Thu, 07/30/2015 - 12:31 | 6371356 Baa baa
Baa baa's picture

Bernanke in drag! Post surgery... Fat reassignment to go along with the gender reassignment, a little make up, a few implants.. Viola'

You could be right, he should have asked it.

Thu, 07/30/2015 - 11:04 | 6371005 Possible Impact
Possible Impact's picture

http://www.youtube.com/watch?v=BEJFWoAVJz4

Napoleon Dynamite - Vote For Pedro

 

http://www.youtube.com/watch?v=Mbb1rxhdyhk

Napoleon Dynamite - Pedro's Feeling Hot
Thu, 07/30/2015 - 11:04 | 6371011 Fun Facts
Fun Facts's picture

Not a Khazar asking uncomfortable questions of the Khazars leads to unemployment.

Thu, 07/30/2015 - 11:05 | 6371018 Chuck Knoblauch
Chuck Knoblauch's picture

WS Jounal ia a racist compnay.

Thu, 07/30/2015 - 11:06 | 6371022 Bill of Rights
Bill of Rights's picture

More proof who owns the media, now what are we gonna do about it? 300 million against a few...oh look dancing with the stars is on...never mind.

Thu, 07/30/2015 - 11:12 | 6371048 Fun Facts
Fun Facts's picture

ZWO protocol #13

- Use our media to create entertaining distractions

Thu, 07/30/2015 - 12:35 | 6371364 asfffasfff
asfffasfff's picture

all leading jews are connected to each other and see it as obligation to help each other out    like one big mafia family

 

 

the fed is one of the most important private, jew owned institutions, which reconnects gold from dollar to avoid hyperinflation, allowing manipulation and avoid possible lost of control and influence over other major nations

this guy was given a "chance" to talk to an empty individual, which was put in charge as chairman. her main responsibility is to fulfill the wish of the owners of fed

 

dont worry, if the fraud would be done by non-jews, they would be jailed alredy

 you are free to arrest everyone exerpt the jews

you are free to critisize everyone exerpt the jews

 

Thu, 07/30/2015 - 11:07 | 6371027 MFL8240
MFL8240's picture

Now the latinos know what the Jews think of you!

Thu, 07/30/2015 - 11:09 | 6371032 CaptainMoonlight
CaptainMoonlight's picture

 Keep track of these worms like Yellen, Bernacki, Lerner, etc when the revolution starts. We want to know where we can find them.

Thu, 07/30/2015 - 11:50 | 6371185 cheech_wizard
cheech_wizard's picture

and yet Zero Hedge does not post addresses nor does it keep a complimentary address directory for it's readership.

Thu, 07/30/2015 - 12:26 | 6371329 Baa baa
Baa baa's picture

It would be an excellent feature to add to the site. How 'bout it Tyler, be proactive... If you dare.

Thu, 07/30/2015 - 14:10 | 6371821 NotApplicable
NotApplicable's picture

Even Tyler knows what lines cannot be crossed.

Thu, 07/30/2015 - 11:09 | 6371035 Rock On Roger
Rock On Roger's picture

Welcome to Oceania.

 

Ungoodthinking sends you to joycamp.

Thu, 07/30/2015 - 11:10 | 6371040 QQQBall
QQQBall's picture

Shoot the Messenger... Guy will be forgotten in the next week...

Thu, 07/30/2015 - 12:24 | 6371319 Baa baa
Baa baa's picture

While the irritable, yellow head parrot replacing him will NEVER be forgotten.

Thu, 07/30/2015 - 11:11 | 6371043 vyeung
vyeung's picture

No one with gray matter reads that POS anyway. Its bullshit and propaganda. Go work at a respectable financial news outlet.

Thu, 07/30/2015 - 11:15 | 6371053 bankonzhongguo
bankonzhongguo's picture

You really have to frame these times in terms of the Nazi Party being in power.

Last year you asked too many questions you lost your job.

This year you ask too many questions and you lose your career.

Next year you might be disappeared.

People are already "disappearing" in terms of their careers, household incomes, capacity to be seen and heard and impact the political or financial system.

Today you sit in front of a Bloomberg terminal - the smartest guy in the room.  Next year you will be economic refugee with zero prospects.

And just so everyone is on the same page, NOTHING is getting better.

There is a wholesale collapse in confidence in society.

Everything is up for sale, a lie, or just a swindle to buy some more time - move across the country to live with your parents, make it to college to live off loans, collect a few extra bottles and cans before the food bank opens.

And in these times the creatures in power - creatures like Yellen MUST double down on their schemes, lies and obfuscation for simple self-protection.

Nothing will turn around until the raping stops and a few of the rapists are cut down in the street.

America will look like a heaping pile of radioactive slag after 8 years of Herr Hillary, Jeb or even these hapless blackmailed stooges like Trump.

Take it back locally.

Everything else is trivia.

Thu, 07/30/2015 - 11:17 | 6371061 Iam Yue2
Iam Yue2's picture

Any truth to the rumour that he is joining forces with Natixis' Alicia García Herrero.......

Thu, 07/30/2015 - 11:18 | 6371068 Yen Cross
Yen Cross's picture

    Meanwhile that idiot Hilsenrat slithers on to the next Fed. pow~wow.

Thu, 07/30/2015 - 11:20 | 6371072 lairdminor
lairdminor's picture

Disappointing. The WSJ used to be a great newspaper, but it has turned into a mere apologist and propagandist for the barons of Wall Street.

Vote for Pedro!

Thu, 07/30/2015 - 12:19 | 6371294 Baa baa
Baa baa's picture

Murdoch was the WSJ's fall from journalism into the undefined mess it appears to be today.

Most all conservative investors have given the WSJ the heave ho.

Hell, I don't know... The Christian Science Monitor?

Thu, 07/30/2015 - 11:23 | 6371082 shovelhead
shovelhead's picture

Hey,

This could be an interesting news story...

Maybe? Sort of?

"Reporter fired for asking Fed Chair questions about illegal leaks."

Aw, forget it. What's Krugman have to say?

Thu, 07/30/2015 - 12:24 | 6371317 Atomizer
Atomizer's picture

New normal Federal Reserve transparency. 

Thu, 07/30/2015 - 11:24 | 6371085 Burticus
Burticus's picture

Yes, telling (or even asking for) the truth is now a revolutionary act.

Thu, 07/30/2015 - 12:13 | 6371276 Baa baa
Baa baa's picture

INSURGENT revolutionary act...

Thu, 07/30/2015 - 11:29 | 6371107 no1ninja
no1ninja's picture

It looks more like he was making some sort of a statement rather than asking a question.

 

 

 

 

Thu, 07/30/2015 - 11:32 | 6371118 shutupnsing
shutupnsing's picture

Ve Vill Make you sorry you made Maude squirm!

Thu, 07/30/2015 - 11:32 | 6371120 bigkahuna
bigkahuna's picture

Good job taking a dump in her wheaties.

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