Jesse's Cafe Americain reports:
It appears that a criminal case is being brought against a 'rogue trader' at Goldman Sachs who was caught obtaining confidential documents from a 'rogue central banker' at the NY Fed. Informed rumour has it that the defendants may condescend to plead guilty to a misdemeanor. Who says that crime doesn't pay?
This must be a low-level guy. Normally, it is Lloyd Blankfein and Jan Hatzius, who are telling Bill Dudley what Fed policy should be.