The institutional criminality is getting worse, as predicted and expected when bullies and criminals are allowed to profit from their intentional violations with impunity.
Institutional fraud, theft, murders, and destroying incriminating documents are on the rise and now perpetual war is the policy as new mass surveillance security measures are aimed at whistleblowers and other uses that benefits the criminal banking and political elite clubs. I am thankful for the courageous whistleblowers like Carmen Segarra.
Her court case fights to reveal her secret recordings of New York Federal Reserve Bank and Goldman Sachs’ violations…
What we know about the New York Federal Reserve Bank:
- The President of the New York Federal Reserve Bank uniquely sits permanently on the Federal Open Market Committee (FOMC).
- It is the only regional Federal Reserve Bank to have its own trading floor and speed dials to the largest firms on Wall Street
- It is the only regional Fed Bank to be allowed to intervene in foreign exchange markets (a market where cartel activity is currently under criminal investigation)
- it uniquely among the regional Fed Banks, stores gold for foreign central banks, governments and international agencies
- The New York Fed uniquely managed relationships with Wall Street banks during the financial crisis from 2007 to 2010 by making secret, below-market rate loans to the tune of trillions of dollars to the banks that were collapsing as a result of its unwatchful regulatory eye
- AND there is more suspicious international activities…
Help us continue to shine the light of Truth.
Follow the Money. ~Ron
[…] the plan the global oligarchy intends to put into place during the next crisis are quite possible, if not probable. Knowing the tactics of those who wish to oppress you and lock you into perpetual serfdom is half the battle. We must get inside of the devious minds of these people so that we are prepared for their next assault, which without question, is coming our way. –financialsurvivalnetwork.com
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Carmen Segarra: Secretly Tape Recorded Goldman and New York Fed
By Pam Martens and Russ Martens: September 26, 2014
Jake Bernstein has a financial blockbuster up today at ProPublica on the secret tape recordings made inside the New York Fed and Goldman Sachs by bank examiner turned whistleblower, Carmen Segarra, who was fired by the New York Fed after she refused to change her examination findings on Goldman Sachs.
Segarra is one gutsy bank examiner and lawyer: according to the article, she went to the Spy Store, bought a tiny microphone, and proceeded to tape record two of the most powerful financial institutions in the world — 46 hours worth of tapes.
Read our past coverage of the Carmen Segarra story and the deeply conflicted New York Fed at these links:
Blowing the Whistle on the New York Fed and Goldman Sachs
The Carmen Segarra Case: Welcome to New York, Wall Street and McJustice
A Mangled Case of Justice on Wall Street
Is the New York Fed Too Deeply Conflicted to Regulate Wall Street?
New Documents Show How Power Moved to Wall Street, Via the New York Fed
Intelligence Gathering Plays Key Role at New York Fed’s Trading Desk
Relationship Managers at the New York Fed and Citibank: The Job Function Ripe for Corruption
New York Fed’s Strange New Role: Big Bank Equity Analyst
New York Fed’s Answer to Cartels Rigging Markets – Form Another Cartel
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The Carmen Segarra Case: Welcome to New York, Wall Street and McJustice
By Pam Martens: May 7, 2014 http://wallstreetonparade.com/2014/05/the-carmen-segarra-case-welcome-to-new-york-wall-street-and-mcjustice/
There is one key thing you need to know from the get-go about bank examiner Carmen Segarra’s Federal whistleblower lawsuit over being fired for her finding that Goldman Sach’s had no firm wide conflict of interests policy and landing in a Federal courtroom with even worse conflicts: this kind of McJustice has been tolerated in the Federal Court for the Southern District of New York for at least the past 20 years.
Segarra was a bank examiner with a law degree at the Federal Reserve Bank of New York, one of Wall Street’s key regulators, who charged in a Federal lawsuit filed in October 2013 that she was told to change her negative examination of Goldman Sachs by colleagues, who also obstructed and interfered with her investigation. When she refused to alter her findings, she was terminated in retaliation and escorted from the Fed premises according to her lawsuit. The folks telling her to change her opinion at the New York Fed are called “relationship managers.”
It’s easy to see why the New York Fed, a study in conflicts, doesn’t consider conflicts a biggie at Goldman Sachs. The New York Fed is just one of 12 regional Federal Reserve Banks – but it is strangely unique among its peers. Here’s just a sampling of its uniqueness and outrageous conflicts:
The President of the New York Fed sits permanently on the Federal Open Market Committee (FOMC). The Presidents of the other 11 regional banks rotate on the FOMC;
Although there is no law requiring that the New York Fed should be the sole regional Federal Reserve Bank to conduct the open market operations of the FOMC, it has uniquely served in this function since 1935;
It is the only regional Federal Reserve Bank to have its own trading floor and speed dials to the largest firms on Wall Street;
It is the only regional Fed Bank to be allowed to intervene in foreign exchange markets (a market where cartel activity is currently under criminal investigation);
In July of 2012, Wall Street On Parade reported on how a Barclays’ employee told a Senior Financial Economist at the New York Fed that his bank was not “posting um, an honest LIBOR.” That 2008 conversation denoted one of the biggest cartel frauds in history, and yet, no one at the New York Fed thought it necessary to alert the U.S. Justice Department that one of the benchmark interest rates used to index financial products around the world was being intentionally rigged.
The New York Fed, uniquely among the regional Fed Banks, stores gold for foreign central banks, governments and international agencies;
The New York Fed uniquely managed relationships with Wall Street banks during the financial crisis from 2007 to 2010 by making secret, below-market rate loans to the tune of trillions of dollars to the banks that were collapsing as a result of its unwatchful regulatory eye; then refused to turn over the details when the press filed suit for the information until it was ordered to do so by a court.
To carry out its monetary policy, the New York Fed must engage in open market trading operations with Primary Dealers. Primary Dealers include all of the largest Wall Street banks – the firms it is also charged with supervising.
The New York Fed supervises the largest and most dangerous global banks while their CEOs take turns sitting on its Board of Directors. Sandy Weill, Chairman and/or CEO of Citigroup at the time, served on the Board from 2001 to 2006. The New York Fed ended up funneling over $2 trillion in below market rate loans to Citigroup, a clearly insolvent bank that President Obama had ordered to be unwound, during the 2008-2010 financial collapse. That came on top of other government assistance totaling over $345 billion in equity infusions and asset guarantees to Citigroup while the President’s order was ignored.
Jamie Dimon, Chairman and CEO of JPMorgan Chase, served on the New York Fed Board from 2007 to the end of 2012. Dimon continued to serve despite a public outcry calling for him to resign. (JPMorgan was under investigation by the New York Fed for losing $6.2 billion of depositors’ money in a failed bet on exotic derivatives – the London Whale debacle – as Dimon sat on its Board.)
In 2011, the Government Accountability Office studied this Board structure and found it deeply wanting in “accountability and transparency.”
Segarra, a bank examiner at this riddled mess of conflicts, seeks justice at the U.S. District Court for the Southern District of New York in October 2013. Her Judge is Ronnie Abrams, wife of Greg Andres, a partner at law firm Davis Polk & Wardwell LLP. The case is before the court from October 2013 until April 3, 2014 when the Judge schedules a telephone conference with both sides to share the pesky detail that “it had just come to her attention that her husband…was representing Goldman Sachs in an advisory capacity.”
This is a transcript of a portion of the telephone conference as provided as part of the Judge’s decision: (See Carmen Segarra v. Federal Reserve Bank of New York, et al )
“I wanted to let you know this. And if either side—I don’t need to know who—but has any desire to have me recuse myself, I am happy to entertain that request. Again, I don’t need to know who is making the request, but before the argument tomorrow, I wanted to let you know that. I’m perfectly willing to put off the argument for a few days to give you the time to think about it. Or, Miss Stengel, if you want to talk to your client about it. But I also didn’t want to inconvenience you. And so as soon as I found this out, I tried to . . . get you on the phone to advise you of this.”
Neither side asked for recusal at this point. However, a week later, Segarra’s attorney, Linda Stengle, asks for “a more complete disclosure of both Judge Abrams’s husband’s relationship with Goldman Sachs and Judge Abrams’s prior working relationship with defense attorney Thomas Noone,” (the lawyer representing the New York Fed). Stengle wanted the “commencement date of Husband’s present work for Goldman Sachs” and “historical relationship, if any between Husband and Goldman Sachs.” Under Federal government conflict rules, the conflicts of the spouse become the conflicts of the Federal judge.
We learn from footnotes in the decision that the attorney for the New York Fed, Thomas Noone, also previously worked for the Davis Polk & Wardwell law firm, as did the Judge previously.
Twenty days after the disclosure that her husband is a lawyer to Goldman Sachs, Judge Abrams throws out Segarra’s case while refusing to provide any further details on her husband’s involvement with Goldman Sachs.
Instead, in her written decision, Judge Abrams attempts to tar the reputation of Segarra’s attorney, accusing her of “judge-shopping” for simply asking for transparency.
This is Circa 2014 in the rotten-to-the-core Big Apple financial system.
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Why is Attorney General Eric Holder Resigning DOJ?
Secret Tapes Rock Federal Reserve
26 Sep 2014
Former financial regulator Bill Black says Holder’s legacy on “too big to fail” is “too big to jail”
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Parliament ‘bullied’ to pass national security laws, says Greens senator Scott Ludlam
National Security Legislation Amendment Bill (No. 1) 2014
Urged senators to reconsider their vote: Greens Senator Scott Ludlam. Photo: Andrew Meares
Controversial anti-terrorism laws expected to pass in the Senate as early as this week will give spy agency ASIO the power to monitor the entire internet, the government has confirmed.
It comes as Greens senator Scott Ludlam urged senators to reconsider their vote on the National Security Legislation Amendment Bill (No.1) 2014, which is likely to pass the senate either this week or early next week.
“I think this Parliament is being bullied to pass something in the heat of a national security crisis that we will later regret, as we regretted an earlier tranche of legislation that we passed in 2005,” Senator Scott Ludlam told Fairfax Media on Wednesday evening, before debate was due to commence.
Confirmed there was “no arbitrary or artificial limit” on the number of computers ASIO could access under a single warrant: Attorney-General Senator George Brandis. Photo: Andrew Meares
The legislation has been labelled as “urgent” by Attorney-General George Brandis.
Australian Lawyers Association president Greg Barns said the new laws would allow ASIO to conduct surveillance on “anyone, any time, anywhere”.
“There are few, if any, limits now,” he said.
“And we don’t have sufficient privacy protections. We have no tort of privacy, meaning we can’t sue ASIO or anyone else if they invade our privacy in a gross sense or if they use [that information] illegally. You have no course of redress.”
So far only the Greens and Liberal Democratic Party senator David Leyonhjelm have said they will oppose the bill. Labor has said they will support it as has the Palmer United Party.
This means the bill will pass even with cross-bench opposition.
The legislation redefines what ASIO can access under a computer warrant.
On Wednesday afternoon, Senator Brandis confirmed that under the legislation, ASIO would be able to use just one warrant to access numerous devices on a network.
The warrant would be issued by the director-general of ASIO or his deputy.
“There is no arbitrary or artificial limit on the number of devices,” Senator Brandis told the senate.
This means that the entire Australian internet could be monitored by just one warrant if ASIO wanted to do so, according to experts and digital rights advocates including the Australian Lawyers Alliance, journalist union the Media Entertainment and Arts Alliance and Electronic Frontiers Australia.
Senator Brandis argued the warrants should not be restricted, as it was not known what powers ASIO would need in the future.
“How can … Senator Ludlam stand in the Senate today and anticipate what the needs of ASIO will be in relation to warrant-based access [in the future],” he said.
Senator Ludlam said it was important the concerns were addressed.
“They have validated it,” Senator Ludlam said of the fears.
“So any device connected to any other device on the internet in the world could be tapped into [or disrupted] by a simple warrant.”
Senator Ludlam introduced amendments that addressed his concerns. But the government and Labor have said they will vote against them. Other concerns he and others have raised relate to the lack of whistleblower protections in the new laws, which jail those who “recklessly” disclose intelligence information.
That would include journalists, bloggers or officials, who could be jailed for 10 years.
Independent senator Nick Xenophon said he would support the government’s bill but had misgivings about it. It is understood he will support Senator Ludlam’s amendments, but his support is not enough to get them through Parliament.
Rights groups have expressed concern the laws will curtail journalists’ ability to write about national security matters.
When discussing the new legislation in the Senate’s “committee stage” process, Senator Ludlam and Senator Xenophon repeatedly asked Senator Brandis to explain how the laws would work.
“Australia has the weakest oversight mechanisms,” Senator Xenophon said.
“Australia lacks institutionalised review of surveillance programs.”
The senators also raised concerns that a part of the law, which allows ASIO to delegate its powers to “affiliates”, meant those outside of ASIO, like contractors, could be delegated ASIO powers.
“These are very serious concerns that the scrutiny committee has put to you,” Senator Ludlam told Senator Brandis.
Senator Brandis said he had responded to the concerns in a “public” letter that was due to be tabled in Parliament on Wednesday afternoon.
Senator Brandis refused to table his responses to the committee’s concerns earlier.
“I found it irritating and obstructionist that he wasn’t prepared to put it to us while we were debating the bill,” Senator Ludlam told Fairfax.
Senator Xenophon also expressed frustration.
But Senator Brandis said his hands were tied.
“I find it unbelievable that you would spend two hours of the committee stage of the debate on an urgent bill playing procedural games and engaging in what is starting to sound a little bit like a filibuster,” Senator Brandis said.
Liberal senator Ian MacDonald said he did not see what the fuss was all about.
“I am certainly one of those in Australia who is very keen to see these measures implemented, even if it does – even in a small way – [infringe on] freedoms that I previously expressed.
“I don’t care quite frankly who listens in to my phone and certainly I don’t have anything to hide.”
Senator Ludlam said he feared the laws were being rushed through as no one wanted a terrorist-related attack to occur on their watch.
“I think there’s a grain of truth in that,” Senator Ludlam said.
“I think no politician on any side – Labor, Liberal, Greens, Nationals and independents – wants to suffer a terrorist attack on their watch. And that’s particularly astute for the executive. Nobody wants to look back and say there were things that we could have done to make the community safer. So that’s right across politics. And in fact I would say that obligation is above politics.”
Audio interview from Tuesday:
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RELATED:
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Ronmamita's Blog 
Before I confess bank price fixing…let me say, I love your accent
July 13, 2012
The transcript of an April 2008 phone call http://www.newyorkfed.org/newsevents/news/markets/2012/libor/April_11_2008_transcript.pdf
between officials at Barclays and the New York Fed is a pretty damning insider account of price fixing. But make no mistake: it’s also comedy gold.
The exchange takes place between a Barclays UK:BARC official who isn’t named and Fabiola Ravazzolo of the New York Fed. Despite her Italian background — as detailed in a recent celebration of Italian entrepreneurs worldwide — Ravazzolo has a British accent, one the Barclays official very much appreciated.
“I’m glad you haven’t picked up an American accent yet,” he said.
“No, never,” she replied. She regaled how she’s still using British vocabulary and not American words “like apartment, not flat.”
Ravazzolo, it should be said, wasn’t familiar with the intricacies of Libor, asking whether it was the borrowing or lending rate. This probably led to the extraordinary exchange, which starts on page five but really heats up on page six.
The Barclays official was noting when a Financial Times article showed the elevated rates Barclays was posting in its Libor submission, the stock price at the U.K. bank dropped. So, the bank changed its attitude, as seen in this transcript.
The “:” is the unidentified official; FR is our New York Fed hero.
“: And so we just fit in with the rest of the crowd, if you like.
FR: Okay.
: So, we know that we’re not posting um, an honest LIBOR.
FR: Okay.
: And yet and yet we are doing it, because, um, if we didn’t do it
FR: Mm hmm.
: It draws, um, unwanted attention on ourselves.”
The official makes clear, it wasn’t just Barclays that was cheating.
“:And in fact, wha-what we’ve noticed is almost like um, a um, um perverse thing
where people that we know that are paying for money actually put in the lowest LIBOR
rates.
FR: Okay.
: So it, it’s almost to um, you know the ones that need cash the most put in the lowest,
lowest rates.
FR: Mm hmm.”
Ravazzolo didn’t exactly rush to the Department of Justice with the information. (The New York Fed says she did alert her superiors, who did tell other agencies of the U.S. government within a month.)
“FR: It’s that you are penalized just because you are honest the way somebody else that is dishonest, eh, you know that’s an advantage so that’s why I was thinking in that direction
but
: Yeah, yeah.
FR: I understand. No, no and I completely understand the, the point is that ah you know, you, you, you always try to, to try and help for everybody you know, and this is so bizarre what is going on in the market
: It is bizarre. Yeah
FR: Because this is creating
: We felt very un-, very
FR: Uncertainties.
: I mean we, it- it’s true words to
FR: Um.
: Say we feel very
FR: Yeah.
: Very uncomfortable with it.
FR: I understand now.
: But, the-the position we find ourselves in, is one where we can’t really fight it.
FR: I know, I know.”
– Steve Goldstein
http://blogs.marketwatch.com/thetell/2012/07/13/before-i-confess-bank-price-fixing-let-me-say-i-love-your-accent/
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New York Fed knew of Libor cheating in 2008
By Greg Robb Published: July 13, 2012
http://www.marketwatch.com/story/new-york-fed-knew-of-libor-cheating-in-2008-2012-07-13
WASHINGTON (MarketWatch) — An unidentified employee of U.K. bank Barclays PLC told the New York Federal Reserve Bank more than four years ago that the bank was filing false reports on a key interest rate, according to documents released by the regional bank on Friday.
The documents show that a summary of this admission was quickly circulated throughout the U.S. government, including the Federal Reserve and the Treasury Department, in 2008. The London rate for interbank lending, known as Libor, is now at the center of a sweeping industry-wide, cross-border investigation into the setting of interbank-lending rates.
Barclays PLC BCS, +0.67% was fined roughly $450 million for fixing Libor. Other banks across the world including Citigroup Inc. C, +1.02% J.P. Morgan Chase & Co. JPM, +0.07% the Royal Bank of Scotland RBS, +0.68% and Deutsche Bank AG DB, +0.94% have said they also are being probed.
Morgan Stanley analysts say the Libor scandal hits banks three ways: through fines (like the one Barclays just said it would pay), litigation risk and less certainty on future earnings, as regulators and politicians demand changes in the Libor and the broader industry as well. In a note published Thursday, they said they expect fines equaling about 9% of 2012 earnings per share and litigation risk of roughly $400 million per bank.
Libor is based on rate submissions from a relatively small and select panel of major banks, including Barclays, and is calculated and published daily for several different currencies by the British Bankers’ Association.
The New York Fed released the documents in response to inquiries from members of Congress about the role of Treasury Secretary Timothy Geithner, then the head of the New York Fed, and its questions about Libor.
“I’m pleased that the New York Fed responded to my request in a timely and transparent fashion. We’re reviewing the documents now, and once we’ve thoroughly examined them, we’ll decide how to proceed,” said Rep. Randy Neugebauer, a Texas Republican and the chairman of the House Financial Services subcommittee on investigations.
– Video included –
Red flags for years at Peregrine
(4:44)
Regulators missed multiple signs over the years about problems at Peregrine Financial. As Michael Rothfeld explains, warnings came also from the broker’s own investigators. (Photo: Reuters)
Barclays continued reporting false Libor submissions until 2009, according to the Commodity Futures Trading Commission.
Geithner and Fed Chairman Ben Bernanke are expected to be asked about the Libor scandal in upcoming Senate testimony.
A group of a dozen Democratic lawmakers asked the Justice Department to examine whether regulators failed to stop “wrongdoing that they knew, or should have known about.”
According to a New York Fed, information that there were problems with Libor started in the fall of 2007, but were mainly anecdotal reports and “mass-distribution emails.”
In December 2007, Barclays told the New York Fed in a phone call that, in general, Libor submissions appeared unrealistically low.
On April 11, 2008, a New York Fed analyst asked a Barclays employee in detail about the extent of problems with Libor. “We [Barclays] just fit in with the rest of the crowd if you like,” the bank’s staffer said in a phone call. “We know that we’re not posting um, an honest Libor.” Read a transcript of the April 2008 call to the New York Fed.
“The Barclays employee explained that Barclays was underreporting its rate to avoid the stigma associated with being an outlier with respect to its Libor submissions, relative to other participating banks,” the New York Fed statement said.
P2…
The Fed analyst — Fabiola Ravazzolo, according to one transcript released — reported the comment to senior New York Fed management and the comment was mentioned in a weekly briefing prepared by the New York Fed staff for the Fed Board of Governors in Washington and the Treasury Department.
On May 1, Geithner raised the subject of Libor with the President’s Working Group on Financial Markets, consisting of the heads of U.S. regulatory agencies. The New York Fed gave a detailed briefing to Treasury officials on May 6.
Geithner then approached U.K. regulators with their concerns about Libor.
In a June 1, 2008 memo to Bank of England Governor Mervyn King, released by the BOE, Geithner proposed six reforms of Libor, including steps to establish a “credible” reporting procedure and eliminating incentives to misreport.
King responded on June 3 that Geithner’s recommendations for improvements to the calculation Libor “seem sensible.”
The emails show that the BOE passed the recommendations on to the British Bankers’ Association.
In a statement, the BOE said that “no evidence of deliberate wrongdoing had been cited” at the time of the correspondence between King and Geithner.
The British Bankers’ Association never adopted Geithner’s main recommendations, said Michael Kraten, a professor at the Providence College School of Business.
“They made some minor changes but never went to the heart of it,” Kraten said in an interview.
The submissions from the banks to the BBA remain completely unaudited, he said. “They are taking it on faith,” Kraten noted.
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Secret Tapes Expose Goldman Sach’s Special Treatment By Fed? Hearings Demanded
Elizabeth Warren is insisting she wants to hold hearings on Capital Hill regarding secret tapes that reveal allegedly the Fed exempts Goldman Sachs above all other banks. The tapes appear to show an “unwillingness”, as Reuters put it, among some Fed supervisors to both demand specific information from Goldman about a transaction with Banco Santander and to strongly criticize what Segarra concluded was the lack of an appropriate conflict-of-interest policy at Goldman. This has been the legendary problem that has plagued Goldman through numerous conspiracy theories. It appears that the tide is starting to turn against the NY banks and once the Economic Confidence Model turns in 2015.75, the downside does not look very good for the bankers this time around.
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More Experts Confirm False Flags
25 Sep 2014
False Flag Weekly News reveals more facts and evidence from 9-11; Boston Bombing; Sandy Hook and more…
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Reblogged this on Spartan of Truth.
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I had intended to share more reports of Canada; UK; and Australia holding the requests to join the White House’s Bombing Syria campaign, however I was distracted and omitted Harper, Cameron, and Abbott from this report.
Wow, even so the bullies and criminals are in plain view wherever we search!
False Flag Weekly covers a lot of it in their short 30 min broadcast.
The departure of Eric Holder from the Justice department is another blow to the White House and if Obama has trouble with Holder’s replacement getting Senate approval then the humiliation becomes truly debilitating to remain in office…
I do not see that happening, but I do not rule it out because I am suspicious that a covert fight has been ongoing inside the shadows of government.
I want to consider the possibility that some factions exist fighting to protect the Constitutional agreements that limit government’s attack on the rights and liberties of the People. Though we have not heard from that faction may mean they are weakened or gone and no longer exist.
Australia is, apparently, testing more Draconian legislation attacking People’s Liberties. Expect that legislation to reach Canada and the U.S..
Expect a BIG Event or a BIG Non-Event, either way secret activities are happening and we are searching to discover What Really happened.
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Eric Holder & Dept. of Justice
Investigative journalist Sharyl Attkisson thinks the media “should all be embarrassed” for not holding the Obama administration and the Holder Justice Department accountable for their lack of transparency in the Fast and Furious gun walking scandal.
Appearing on WMAL radio in Washington, D.C., Friday morning, Attkisson provided a detailed account of Thursday’s court decision forcing the DOJ to finally reveal a list of documents the administration has concealed from Congress via a claim of executive privilege.
* * *
Former New Jersey Superior Court Judge Andrew Napolitano blasted Holder, noting “Every time that Barack Obama has bent, broken, avoided or evaded the constitution or federal law, Eric Holder has been at his side, cheering him on, providing intellectual cover, and purporting to give the president legal advice authorizing what the President wanted to do.”
“From allowing the President to kill Americans, from allowing the President to spy on Americans, from personally authorizing the invasion of privacy of our colleague James Rosen, from seizing property from people who weren’t even charged with crimes .. Eric Holder has been behind all of it.” the libertarian analyst added.
“He has been the least faithful to the Constitution of any Attorney General, and he doesn’t regret It,” Napolitano urged.
Holder was at the centre of the Fast and Furious scandal, as well as the IRS targeting controversy. He was the first sitting cabinet official in history to be held in contempt of Congress
* * *
Criminal Institutions…
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The secretive activities of the New York Federal Reserve are of special concern to New Zealanders, as our current prime minister is a millionaire currency trader who used to sit on the NY Fed. His agenda over the past 6 years has been to privatize our publicly owned energy companies.
Despite all the hype about selling off our utilities to pay down debt, a lot of the revenue from the sales went to Goldman Sachs: http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11262662
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He is showing you his true allegiance.
Impeach!
File criminal charges and get him out of office.
Dirty Rats and banksters’ puppet in all governments…
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Alas, there is no provision for impeachment in New Zealand. At present, we hope to force him to resign through a commission that’s investigating his collaboration with NSA to spy on NZ citizens and lying about it: http://www.theguardian.com/world/2014/sep/15/moment-truth-greenwald-dotcom-snowden-assange-new-zealand-john-key
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Smoking Gun Evidence That The New York Fed Serves The Interests Of Goldman Sachs
by Michael Snyder, The Economic Collapse Blog:
To say that the culture at the New York Fed is “deferential” to big banks such as Goldman Sachs would be a massive understatement.
When Carmen Segarra was first embedded at Goldman Sachs, she was absolutely horrified by what she was seeing and hearing. But her superiors were so obsessed with covering up for Goldman that they actually pressured her to alter the notes that she took during meetings…
Needless to say, someone like Segarra that did not “go along with the program” was not going to last long at the New York Fed.
After only seven months, she was fired…
If Segarra had not made the recordings that she did, we would have probably never heard much from her ever again.
After all, who is going to believe her over Goldman Sachs and the New York Fed? A minority would, of course, but the general public would have probably dismissed her accusations as the bitter ramblings of an ex-employee.
But she did make those recordings, and they are causing chaos on Wall Street right now.
Read More: http://theeconomiccollapseblog.com/archives/smoking-gun-evidence-that-the-new-york-fed-serves-the-interests-of-goldman-sachs
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