Goldman Sachs Gained Inside Information From New York Fed

By: Thursday November 20, 2014 8:56 am

Apparently that recent study showing banking culture is corrupt in essence is not so far off the mark as it has now been revealed that Goldman Sachs received inside information from the New York Federal Reserve. It is not just the banksters or the regulators but a culture of corruption which has led to a seemingly endless series of corruption stories coming out of Wall Street and Washington.

In what is being called a “leak,” a former regulator with the New York Fed joined Goldman Sachs and used his contacts at the Fed to gain access to inside information for his new employer.

 

NSA Director Profited Off AT&T Spying

By: Wednesday November 5, 2014 11:51 am

Yet even more fallout from former NSA Director Keith Alexander’s financial disclosures. Alexander’s investments have already become a matter of controversy when it seemed as though he was trading on inside information related to opaque commodity markets heavily influenced by Russia and China.

Was NSA Head Insider Trading?

By: Thursday October 23, 2014 9:40 am

According to documents filed by former NSA Director Keith Alexander, the head of the NSA was speculating in commodities linked to China and Russia while receiving asymmetric information on the countries as part of his job. The use of asymmetric or non-public information for financial gain is a crime known as insider trading.

SAC Capital Indicted, Pleads Not Guilty to Insider Trading Charges

By: Friday July 26, 2013 12:10 pm

SAC Capital has been formally indicted for insider trading and called a “magnet for market cheating” by federal prosecutors who said the firm had engaged in illegal securities trading from 1999 to 2010. While SAC Capital faced charges, its leader and principle beneficiary, Steve Cohen, was not charged.

Jon Stewart Takes On STOCK Act Repeal

By: Thursday April 25, 2013 9:30 am

As was previously reported, President Obama and Congress gutted the insider trading regulations on Congress. Like a thief in the night Congress and the White House did nothing to call attention to themselves as they stealthily removed key provisions of the STOCK Act covering executive and congressional staffers disclosing their finances.

Other than FDL, a few other independent media outlets, and watchdog groups no one seemed to think the story was a big deal or even a story at all.

Insider Trading by Congress Now Obama’s Legacy

By: Wednesday April 17, 2013 9:10 am

As was reported yesterday, President Obama signed a law gutting insider trading regulations on Congress. An incredible act when one considers the 2008 campaign platform of Barack Obama to roll back the influence of lobbyists and “change Washington” by bringing transparency to the federal government. By signing this law Obama has done incredible damage to transparency and open government – allowing, in effect even promoting, the continuing corrupt practices that have made most Americans lose trust in their government. Signing this law does not inspire hope and it certainly is not change.

Obama Signs Law Gutting Insider Trading Regulations for Congress

By: Tuesday April 16, 2013 9:10 am

Yesterday President Obama signed a law that gutted the reporting requirements originally included in the Stop Trading on Congressional Knowledge (STOCK) Act. Before these changes were made the STOCK Act required congressional staffers to disclose their finances to the public to help ensure they were not engaging in corrupt practices.

Steve Cohen Escapes Jail Time Pays $600 Million for Insider Trading Crimes

By: Friday March 22, 2013 6:00 am

The Teflon Trader slips away again. For those who don’t know, Steve Cohen of SAC Capital, number 36 on Forbes’ Richest Americans list, has been under investigation for a good deal of his career. The suspicion is always the same, insider trading.

Goldman Sachs Back To Hurting Clients As Firm Is Targeted In Insider Trading Probe

By: Monday February 18, 2013 6:45 am

Goldman Sachs is apparently back to it’s old tricks despite the $550 million settlement with the SEC over hurting clients in the mortgage securities market.

Paul Ryan Made Series of Bank Trades in 2008 During Financial Crisis

By: Monday August 13, 2012 12:45 pm

Like everyone else but two members of the House, Paul Ryan voted for the STOCK Act, a watered-down version of a bill that would ban insider trading among members of Congress. Before he did that, however, Ryan spent 2008 wheeling and dealing his bank stock portfolio to match his knowledge gained as a member of Congress during the financial crisis.

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