http://finance.yahoo.com/news/Special-Report-The-ties-that-rb-4283089889.html?x=0&sec=topStories&pos=4&asset=&ccode=
The friends of the FED just took on a whole new meaning, TARP does to for that matter.
Does Wall Street realise this occurs? They make such a big deal about the FMOC lol and now it comes out that many others have already have already had a sizable head start on that information in which to work with.
Talk about a corrupt setup. Any other company that pulled this would be busted for insider trading.
Doesn't knowing this just make those congressional hearings a big fat joke paid for off the expense of the taxpayer.
Isn't it funny how Hank Paulson never mentioned this bazooka hidden in his pants?
Now it's time to definitely end the FED.
To the outside world, the Federal Reserve is an impenetrable fortress. But former employees and big investors are privy to some of its secrets -- and that access can be lucrative.
On August 19, just nine days after the U.S. central bank surprised financial markets by deciding to buy more bonds to support a flagging economy, former Fed governor Larry Meyer sent a note to clients of his consulting firm with a breakdown of the policy-setting meeting.
The minutes from that same gathering of the powerful Federal Open Market Committee, or FOMC, are made available to the public -- but only after a three-week lag. So Meyer's clients were provided with a glimpse into what the Fed was thinking well ahead of other investors.
