NY Fed Cited in Cover-Up By SIGTARP's Barofsky - Possible Criminal Charges

[girl gone mad]

From http://jessescrossroadscafe.blogspot.com/2010/04/ny-fed-cited-in-cover-up-by-sigtarps.html">Jesse's Cafe:

NY Fed Cited in Cover-Up By SIGTARP's Barofsky - Possible Criminal Charges



It's never the crime, it's always the cover up.

This is beyond a doubt the story of the week. Neil Barofsky has been a thorn in the side of the Treasury Department and the Fed since he first took office.

I doubt there will be criminal charges filed against Turbo Tim personally, since in his case the clueless CEO defense may obtain some traction. Unless, that is, they have wiretaps and/or emails showing collusion with some of the bailed out banks, in either insider trading or the manipulation of assets for extraordinary gains.

It is a boiling scandal, and emblematic of the hidden corruption that has pervaded financial regulation in Washington for the past ten years at least. It did not start with Obama, but it may still bring down key members of his Administration.

Reform the financial system, audit the Fed.

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[chill_wind]

1. K & R. n/t