Saturday, June 6, 2015

Wow: Big Friday Night Dump on Janet Yellen

What is Janet Yellen hiding?

I have already reported that both the House Financial Services Committee and the DOJ are investigating a leak that was made from inside the Federal Reserve to an outside analyst.

It appears that the DOJ investigation, being conducted in conjunction with the Fed’s Office of the Inspector General. may have been launched to bury the facts. But the HFSC doesn't look like it is going to let go of the tail of this dog.

 Yellen has already admitted that she met with analyst Regina Schleiger, who was the recipient of the leaked information. But Yellen claims it was some time before the leak.

Now, WSJ has buried a related report by one of its reporters Pedro Nicolaci da Costa. The story was posted at, get this, 4:26 p.m. ET on Friday. It shows that Yellen is not being cooperative with the HFSC investigation. and is using the DOJ investigation as cover.

 da Costa writes:
Federal Reserve Chairwoman Janet Yellen said the central bank didn’t provide most of the information requested by members of Congress about an internal investigation because of an ongoing criminal probe into the matter.

In a letter to Rep. Jeb Hensarling (R., Texas), chairman of the House Financial Services Committee, Ms. Yellen said the Fed’s Office of the Inspector General, which is conducting the criminal probe with the Justice Department, advised that sharing of the information could harm their investigation.

Ms. Yellen wrote the inspector general has indicated that “providing access at this time to records and information would risk jeopardizing that ongoing criminal investigation, and the Department of Justice shares this concern.”

“We are committed to working with you to fulfill the Committee’s requests with respect to this matter once the OIG and the Department of Justice have informed us that they have completed their criminal investigation,” Ms. Yellen added...

“We’re concerned about the adequacy of the Fed’s investigation into the leak,” Rep. Sean Duffy (R., Wis.), chairman of the House Subcommittee on Oversight and Investigations, told The Wall Street Journal on Thursday..


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