Hearing from a friend in the admin that following up on the mortgage fraud stuff, they’re gonna start ramping up investigations for insider trading investigations for all of the ppl they’re trying to get rid of at the Fed. Difference from the reserve bank presidents from a few years back is that this time they’re going to target ppl under them…
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Do you mean they’re gonna start targetting career staff?
If career staff are insider trading, they deserve not only to get fired, but also go to jail. Every private industry financials workplace with any chance of insider trading has trade clearance / other check in place. Even tiny shops…
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so many fed threads
It’s what I do 
From what I heard, it sounds like they’re gonna aim at the senior ppl at the Fed called officers. I think that’s basically anyone who formally manages a team and anyone higher than that.
Ppl have to get cleared before they can even make a trade? How does that even work? On the Hill, we just file our trades after we make them.
You fill out a form before you trade. A lot of times its an automated system that gives you approval, but sometimes its actually compliance. As long as you aren’t day trading like some Fed people, its not too bad.
Seriously? Their day trading?
Sounds like the first domino has fallen. Admin friend told me they successfully forced some big shot at the Boston fed to step down. Somebody really needs to investigate what’s going on there with the whole insider trading thing and now this.
What on earth is going on up there in Boston? First their former president insider trades and now this? Maybe the admin is actually onto something here.
My friend confirmed that it’s this guy. Word is that they found some very significant dirt on him and they’re allowing him to take the easy way out and “retire”.
Wow. That dude is like one of those AI generated, photo-realistic images of Peter Griffen. He looks like he sweats a lot even in winter, probably smells like Sam Adams, and thinks Parish Cafe sandwiches are the epitome of the high life.
Hey don’t knock Parish Cafe
He looks like he smells like ham
I have a friend in industry in Boston who mentioned Boston has a lot of sketchy things going on. Like this woman was apparently a senior officer at the Fed and immediately joined the board of Santander after she “retired”.
My sources confirmed for me that he’s stepping down January of next year. Apparently, the leadership of the Boston Fed pushed for him to step down quietly as they’re worried that if he makes a lot of noise that they won’t be able to appoint the person they want.
How does the Fed pick ppl for senior roles like this? Is this something wholly within their own control? Is it the equivalent of a deputy assistant secretary role (i.e. presidentially appointed, not senate confirmed)?
Reserve banks aren’t “government”
Update: Some ppl in the admin are advocating for OMB to dig into the previously reported insider trading scandals from the Board of Governors and go after the senior monetary affairs staff who engaged in insider trading.