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Meet Seth Carpenter - Janet Yellen's Choice Of "Fed Leak" Scapegoat

Tyler Durden's picture




 

With the "above the law" Federal Reserve coming under increasing pressure to answer a Senate investigation's questions about the 2012 "leak", it appears the proximity of the probe to Janet Yellen, has forced The Fed to 'fess up and throw someone under the bus. Meet Seth Carpenter, a nominee for assistant Treasury secretary for financial markets...

As The Wall Street Journal reports, probes into the 2012 leak of sensitive Federal Reserve policy information are widening further, with a Senate committee scrutinizing a former Fed official nominated for a position in the Obama administration.

The Senate Finance Committee has been looking into whether the official, a Treasury Department nominee who worked as a top Fed economist at the time of the leak, relayed market-sensitive information from the Fed to policy research firm Medley Global Advisors, which in turn shared the details with its Wall Street clients, according to people familiar with the matter.

 

...

 

The Senate committee is looking into whether Seth Carpenter, a nominee for assistant Treasury secretary for financial markets, played a role in the 2012 leak. The panel is charged with approving nominees to senior-level positions at the Treasury Department.

 

 

A person familiar with the matter said Thursday Mr. Carpenter has told the Treasury Department he never had any contact with anyone at Medley. The person added that even before the nomination, both the Treasury and the White House looked into whether Mr. Carpenter was involved, including reviewing the findings of the Fed’s inspector general, and found no evidence linking him to the leak.

 

Mr. Carpenter didn’t respond to a request for comment on Thursday. Spokesmen for the Fed and White House declined to comment on the Senate inquiry.

The Fed conducted its own investigation in late 2012 and early 2013 that found a “few” Fed staffers had contact with Medley, according to a memo summarizing the investigation, but it didn’t identify the people. The Fed has said it was unable to determine who provided information to Medley. Mr. Carpenter hasn't been accused of being the source of the leak.

The spokeswoman wouldn’t say if the committee’s review of the leak has stalled Mr. Carpenter’s nomination. It has been more than a year since Mr. Obama tapped Mr. Carpenter for the position, and the committee has yet to schedule a hearing on the nomination.

 

Mr. Carpenter “is going through the same bipartisan nomination process as every nominee referred to the Finance Committee,” said spokeswoman Julia Lawless.

*  *  *

Whether or not Mr Carpenter is guilty, we wish him luck.

What better scapegoat... Republicans get to claim the scalp of an Obama nominee; and The Fed gets to point to lower level staff - not Janet - as the problem and will, we are sure, begin to firm up internal controls over sensitive information.

 

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Fri, 10/02/2015 - 18:24 | 6623016 Wahooo
Wahooo's picture

Sure looks like he's sucked a few dicks.

Fri, 10/02/2015 - 18:28 | 6623031 Looney
Looney's picture

I’m sure my Goat is smarter than this “scapegoat” and his employer.  ;-)

Looney

P.S. Oh, and my Goat is black, so please no raccisss jokes ;-)

Fri, 10/02/2015 - 18:30 | 6623046 AlaricBalth
AlaricBalth's picture

Seth can now look forward to spending a life of luxury in the same posh neighborhood as Scooter Libby, former Dick Cheney fall guy.

Fri, 10/02/2015 - 18:32 | 6623058 knukles
knukles's picture

Proof of diverstiy.  Thought it woulda been a white Conservative Republican Tea Party card carrying NRA Christian guy

Fri, 10/02/2015 - 18:34 | 6623062 AlaricBalth
AlaricBalth's picture

"At times," he says, "it is a bit uncomfortable being one of a very few black economists at the Board of Governors--you could count them on one hand and still snap your fingers--but most of the time I'm too busy to notice. As a professor, some students have reacted to me as a function of race, but I see these moments as an opportunity to teach, not just economics, but life."

The path from French and Law to Economics has been a gradual one for Carpenter. "There wasn't any watershed moment, the transition was very incremental over a long period of time." However it happened, Seth Carpenter is clearly thrilled to be where he is, doing what he does. "I find working for the Fed, promoting the economic well-being of Americans, a very rewarding job. I get to do research that I'm interested in, of course, but there is also a great sense of public service, one that is shared by many of my colleagues, and I value that highly."

https://www.aeaweb.org/committees/CSMGEP/profiles/seth_carpenter.php

Fri, 10/02/2015 - 18:44 | 6623101 TongueStun
TongueStun's picture

Like they would ever blame a jew when they have a lapdog affirmative action kneegrow right there.....

Fri, 10/02/2015 - 19:21 | 6623220 Buckaroo Banzai
Buckaroo Banzai's picture

If you're brown...you're going down!!

Fri, 10/02/2015 - 19:43 | 6623290 Save_America1st
Save_America1st's picture

if he works for the Fed then he's already guilty of a whole lotta shit. 

END THE FED!

Fri, 10/02/2015 - 21:04 | 6623503 philipat
philipat's picture

"Said spokeswoman Julia Lawless"

Perfect name for a Government spokesperson..........

Fri, 10/02/2015 - 21:12 | 6623526 conscious being
conscious being's picture

Josh Earnest.

Fri, 10/02/2015 - 19:59 | 6623341 Larry Dallas
Larry Dallas's picture

I can't believe they chose a darkie...

Fri, 10/02/2015 - 21:01 | 6623498 Sanity Bear
Sanity Bear's picture

The black man always gets killed first in any horror movie. It's the law.

Sat, 10/03/2015 - 10:54 | 6624760 TongueStun
TongueStun's picture

If you're brown...you're going down!!

 

That's exactly how Ron Brown got that .44 caliber hole in his skull from "a piece of flying rebar in the airplane".....


Fri, 10/02/2015 - 18:48 | 6623116 negative rates
negative rates's picture

Back up the hearst, I found another one run over, looks like he tried to sprint across rather than wait for the bus to pass, poor feller, the space between his legs was doubled and his balls were squished, oh it was messy site indeed. Not the first time he was in trouble, but this was grusome camper trying to get back to his tent for some reason, he won't try that again.

Fri, 10/02/2015 - 19:43 | 6623282 e_goldstein
e_goldstein's picture

 Sure looks like he's sucked a few dicks.

 Sure looks like the cray cray that went shooty shooty up in Oregon, minus the glasses and with a beard.

Fri, 10/02/2015 - 21:16 | 6623539 conscious being
conscious being's picture

Check this out - Paris train attack 'hero' was to attend Oregon college on day of shooting.

Fri, 10/02/2015 - 18:26 | 6623019 Squid Viscous
Squid Viscous's picture

nice well-trimmed prison pussy Seth! might come in handy...

Fri, 10/02/2015 - 19:12 | 6623192 Bangin7GramRocks
Bangin7GramRocks's picture

That's Don "no soul" Simmons!

Fri, 10/02/2015 - 20:55 | 6623486 Cangaroo.TNT
Cangaroo.TNT's picture

Nice AWOTM reference!

Fri, 10/02/2015 - 18:30 | 6623047 donkeyhaute
donkeyhaute's picture

princeton educated piece of shit. thesis advisor = bernanke.

to be sure, they feathered a nice little nest for him to land in.

Fri, 10/02/2015 - 18:34 | 6623065 wet_nurse
wet_nurse's picture

It's unfair that just a handful of HFT's got the inside scoop leaving the other HFT's to bid within 30 milliseconds. I'll wait for the Sunday paper to tell me what they decided and adjust my portfolio then.

Fri, 10/02/2015 - 18:38 | 6623071 venturen
venturen's picture

The treasury spokes person is Ms Lawless? R U FN KIDDING ME

 

I guess he will just have to join a wall street firm now that his cover is blown

Fri, 10/02/2015 - 18:38 | 6623083 buzzsaw99
buzzsaw99's picture

perfect skin tone to be a goat

Fri, 10/02/2015 - 18:40 | 6623088 Make_Mine_A_Double
Make_Mine_A_Double's picture

Please enough already. No more minorities - and ffs no more micro identity groups like this half breed queer.

 

Fri, 10/02/2015 - 18:47 | 6623102 Johnny_Dangerously
Johnny_Dangerously's picture

one parasite insulting another?

Fri, 10/02/2015 - 18:44 | 6623100 two hoots
two hoots's picture

We are fortunate to have a Federal Reserve that has only "potentially" leaked information one time that profited others unfairly. 

Fri, 10/02/2015 - 19:14 | 6623199 williambanzai7
williambanzai7's picture

That haircut tells you something about where this guy wants to wind up. Goldman Sachs or the Bighouse.

Sat, 10/03/2015 - 02:34 | 6624076 tarabel
tarabel's picture

 

 

Give him a pair of square Urkel glasses and a ticket to Oregon and you'd have to close every college in the state for fear of a two-fer.

Fri, 10/02/2015 - 19:14 | 6623201 Scooby Dooby Doo
Scooby Dooby Doo's picture

Man the comments make Scooby laugh.

https://www.youtube.com/watch?v=gUdG0RYd6jk

Fri, 10/02/2015 - 19:15 | 6623205 Yen Cross
Yen Cross's picture

   lol. If you look up accountability and Janet Yellens name on any "search engine" at the same time, you're likely to get the " blue screen of death" as your search result.

 Seriously, the Janitor of some outsourced company that mops the halls of the N.Y. Fed, has more " legal exposure" then the secrecy clause signing asshats that report to Janet "Moe Howard" Yellen.

Fri, 10/02/2015 - 19:26 | 6623237 Arnold
Arnold's picture

It took 2 1/2 years to know the black guy was going to be killed off?

http://tvtropes.org/pmwiki/pmwiki.php/Main/BlackDudeDiesFirst

He shudda been given a red shirt of rank.

http://en.memory-alpha.wikia.com/wiki/Redshirt

 Maybe he should have been competent in the first place, instead of somebodies bitch.

 

Fri, 10/02/2015 - 19:27 | 6623241 Chuck Knoblauch
Chuck Knoblauch's picture

Give the nigga a cookie, Janet.

Fri, 10/02/2015 - 19:27 | 6623243 Elliptico
Elliptico's picture

Janet blurted it out during a spanking session.

Fri, 10/02/2015 - 20:20 | 6623397 Ms No
Ms No's picture

Somewhat OT but a huge percentage of this corrupt crowd of Zionists display mild eye strabismus.  In a mild case your eyes are just off kilter and it common among fetal alcohol.  I have noticed it in well over two dozen of Zionist banking types.  The moral of the story is don't drink when your pregnant you may create a banker.

What it looks like when it's mild. https://duckduckgo.com/?q=eye+strabismus&iax=1&ia=images&iai=http%3A%2F%2F2.bp.blogspot.com%2F-SNoLJg7_-dA%2FUAn_EY3kvzI%2FAAAAAAAACfs%2FZUFkGsf3nRk%2Fs1600%2Fprinc_rm_photo_of_boy_with_lazy_eye.jpg

Fri, 10/02/2015 - 21:37 | 6623567 T-NUTZ
T-NUTZ's picture

i should've known the leak would be a white nigger.

Sat, 10/03/2015 - 02:32 | 6624074 tarabel
tarabel's picture

 

 

Must be a real problem when the Administration finds itself runnng out of white male scapegoats.

And the bills for cleaning and repairing all those buses... Goodness.

No wonder the Treasury is out of money a month earlier than planned.

Sat, 10/03/2015 - 02:36 | 6624078 Shadow1275
Shadow1275's picture

But of course, the witchhunt must be swift. We shall punish the evildoers that ruined our glorious economy of the People's Republic of the United States. Yay for trial by jury and evidence. Yay for justice. Yay for freedom.

 

Let the Witchhunt commence!

Sat, 10/03/2015 - 02:56 | 6624099 Otrader
Otrader's picture

And another goy gone
And another goy gone
Another goy bites the dust...

Sat, 10/03/2015 - 10:38 | 6624712 silverer
silverer's picture

Wait!  There's a mistake!  She was supposed to pick a middle class white Christian!

Sat, 10/03/2015 - 11:02 | 6624796 TongueStun
TongueStun's picture

Maybe there were none left?

Sat, 10/03/2015 - 12:36 | 6625178 lordkoos
lordkoos's picture

Blame it on the black guy, what's new?

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