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View Full Version : Goldman, JPMorgan, Barclays, Wells Fargo among those who got Fed mins early says MarketWat




sailingaway
04-10-2013, 02:37 PM
Marketwatch



WASHINGTON (MarketWatch) -- The Federal Reserve has sent to reporters the email addresses of the roughly 100 people who received minutes from the last meeting a day ahead of time. The Fed blamed a "human error" for the mistake, and moved up the release of the minutes by five hours. Most the people on the email list have addresses indicating they work at the House or Senate, but some are from financial services firms including Barclays BCS +4.08% , BNP Paribas FR:BNP +5.33% , Carlyle CG +2.84% , Citi C +2.67% , Goldman Sachs GS +2.01% , J.P. Morgan Chase JPM +1.17% , Nomura NMR +6.34% , U.S. Bancorp USB +1.48% Wells Fargo WFC +0.32%

Read the full story:

http://www.marketwatch.com/story/fed-sent-minutes-early-to-staffers-trade-groups-2013-04-10-9103209?link=MW_pulse

swissaustrian
04-10-2013, 02:56 PM
Doubleposting what I originally posted in the econ subforum here:
http://www.ronpaulforums.com/showthread.php?410774-Fed-Releasing-March-Meeting-Minutes-Early-To-Congressional-Staffers-And-Lobbyists

Why would the FED send the minutes to anyone if they intended to do it after the official release to the public? It available as a pdf on the FED's website...

This is standard procedure and somebody blew the whistle, so they had to come clean.

Totally coincidal:

NONE OF THE PEOPLE ON THE LIST ALERTED THE FED THAT THEY RECEIVED NONPUBLIC INFO A DAY EARLY


Fed Releases Names Of Early FOMC Minutes Recipients: Include Employees Of Goldman, Barclays, JPM, Law And PE Firms

We will release the full list of named recipients once we get it, but here is what we now for now, via BBG and CNN:

EMPLOYEES AT GOLDMAN SACHS, BARCLAYS, JP MORGAN, CITI, NOMURA, UBS, HSBC RECEIVED FED MINUTES EARLY YESTERDAY
MOST OF THE BANK EMPLOYEES APPEAR TO WORK IN GOVERNMENTAL RELATIONS (Lobbies)
ABA, SIFMA, SENATE STAFFERS RECEIVED FED MINUTES EARLY
FED NAMES 154 RECIPIENTS OF EARLY RELEASE OF FOMC MINUTES
FED MINUTES SENT EARLY TO BANKS, LAW FIRMS, PRIVATE EQUITY
FED EARLIER SAID RELEASE WENT MAINLY TO CONGRESS, TRADE GROUPS
NONE OF THE PEOPLE ON THE LIST ALERTED THE FED THAT THEY RECEIVED NONPUBLIC INFO A DAY EARLY

In other words: absolutely everyone who trades risk assets for a living!
http://www.zerohedge.com/news/2013-04-10/fed-releases-names-early-fomc-minutes-recipients-include-employees-goldman-barclays-#comment-3433603