N.Y. Fed Looks to Seal Documents in the Latest Whistleblower Case

As was widely reported last week in both the alternative media and the mainstream presstitute media, former senior bank examiner at the New York Federal Reserve, Carmen Segarra, has filed a lawsuit against her former employer accusing them of wrongful termination after she determined that Goldman Sachs had insufficient conflict-of-interest policies. As usual, anything that threatens to shed some light on the criminality at the most powerful institutions in America is immediately labeled “top secret” or “classified” and hidden from the public. Just as you would expect in a Banana Republic.

From Pro Publica:

On Friday, the Fed asked for a protective order to seal documents in the case as well as parts of the complaint. In a letter to U.S. District Judge Ronnie Abrams, New York Fed counsel David Gross said the information should be removed from the public docket because it is “Confidential Supervisory Information,” including internal New York Fed emails and materials provided to the Fed by Goldman.

“These documents show that at the time (Segarra) left the employ of the New York Fed, she purloined property of the Board of Governors of the Federal Reserve System,” Gross wrote, citing Fed rules that prohibit disclosing supervisory information without prior approval of the Fed.

Gross argues that the Fed’s obligation to keep bank supervisory records secret outweigh the public’s right to know. “The incantation of a ‘public right to know’ cannot ever be a license to discharged employees that they may violate Federal law simply by filing a complaint in Federal court,” Gross wrote.

The New York Fed has historically been one of the most opaque financial regulators and maintains that it is not subject to the Freedom of Information Act because it is not a public agency.

What more do you need to know? America: Land of the Thief, Home of the Slave.

Full article here.

In Liberty,
Mike

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3 thoughts on “N.Y. Fed Looks to Seal Documents in the Latest Whistleblower Case”

  1. This Sure Isn’t The America I Grew Up With

    I just can’t believe that the average American looks at the stock market and says, “this country is in great shape – just look at the Dow.” There is no way that the public is THAT stupid or blind.

    The increasing degree of corruption in our financial and political system continues to blow my mind. Every day I uncover new evidence and facts about just how rotten to the core our system has become. What’s even more staggering is that the average American just “turns the other cheek” and let’s it happen. The Government has zero opposition to its frightening move towards a Totalitarian State.

    It’s Huxley’s “Brave New World” unfolding before my eyes. What passes for “news” and accurate reporting of the facts is a complete insult to the intelligence of the few of us left who have the willingness to question what’s happening and to grasp the real truth. The truth is that this country is collapsing.

    http://truthingold.blogspot.com/2013/10/this-sure-isnt-america-i-grew-up-with.html

    Reply

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