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Federal Reserve Presidents Kaplan and Rosengren step down this morning following scrutiny over insider trading in 2020.

Federal Reserve Presidents Kaplan and Rosengren step down this morning following scrutiny over insider trading in 2020.



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40 Comments

  1. you ever notice how when a regular person does insider trading, they go to prison, but when a Fed president does it, they get to “retire?” And when a senator does it, they get to run for re-election?

  2. “Sooooo so so so sorry guys. Yes, we were performing insider trading. With that I’ll voluntarily choose to step down and receive a lifetime of payouts from my other unnamed buds that also benefited from this insider trading without fear of consequences. Byyyyeeeeeee!”

  3. Central bankers are crooks.

    Power corrupts and absolute power corrupts absolutely. The closer to the monetary spigot you are the more of a crook you become.

    They are all slimeballs.

  4. No one seems to read the articles so I’ve looked up a couple.
    Very bad optics, but seems to be allowed by rule (however bad they may be).

    > Though the investments by Rosengren and Kaplan were permitted under the Fed’s rules, they raised at least the appearance of conflicts of interest, which Fed policy discourages.

    https://www.npr.org/2021/09/27/1041059924/2-top-federal-reserve-officials-retire-after-trading-disclosures

  5. These kinds of events are proof that we should be worried when governments and institutional investors get in on cryptocurrencies. Soon they will be the majority owners of major coins and they will manipulate the prices by dumping or buying large volumes at once. Just like stocks, just like currencies, and now soon-to-be just like cryptos, these whales will “control” it.

  6. Remember in 2012 when us and the Ron Paul people were the only ones who knew anything about the Fed other than the Employees of the fed? Now it seems normal to discuss the fed and I see it in news articles all the time.

  7. So the Fed is shown to be the bunch of dirty grifters that they truly are. Two major players in their regime (Dallas Fed president Robert Kaplan and Boston Fed President Eric Rosengren) and have now “retired” after they were exposed trading for their own account in stocks that were being manipulated by Federal Reserve asset purchases. The bottom line is that they were stealing money from retail investors by frontrunning Fed trades that only they knew were coming. The fucking people should be in jail, not “retired”. But then again, there are two sets of rules, one for them and one for us.

  8. Can anyone forward this to buttcoin sub? Lol MODS blocked me. I would love to hear what their no coiner selfs rationalize the sanctity of their FEDly gods dirty moves

  9. Politicians, economists and the media constantly denounce Bitcoin as a scam, while the biggest scam in history is the Fed.

    Bitcoin is an open and transparent system that protects the people, while the Fed is an enemy that must be fought.

  10. The Federal Reserve System should be abolished for the following reasons:

    it is incapable of accomplishing it’s stated objectives
    it is a cartel operating against the public interest
    it is the supreme instrument of usury
    it generates our most unfair tax
    it encourages war
    it destabilizes the economy
    it is an instrument of totalitarianism

    G. Edward Griffin

  11. How can they just.. step down?? Doesn’t this just send the message that you can insider trade but only up until enough people find out, and then all you’ll have to do is .. step down. And more than likely he’ll get a job at a big bank or corporation. Or get paid $1,000,000 to talk about how great the fed is.

What do you think?

DYDX up 120% to $26

DYDX up 120% to $26

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