REPORT: Insider Trading Case Against Goldman Sachs Trader (For Getting Info From Federal Reserve)

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.

-RW

Blankfein Shows at Bill Clinton's Birthday Party

While Goldman Sachs chief Lloyd Blankfein has put out a memo to his employees telling them to lay low and stay away from high profile partying, he shows up at Bill Clinton's birthday party in the East Hamptons. It made NyPo's Page Six:

Bill Clinton's birthday bash at a rented Hamptons mansion ended in drama after a valuable vase was broken and a neighbor complained about parking.

A source said, "The Clintons know how to party. A large vase in the front entrance was broken, the front lawn and sprinkler system were shredded, and a neighbor complained. The house was rented by Band from women's golf-wear designer Toby Tucker Peters, who was told it would be a small party, but it ended up being over 100 people."...

Guests at the late-August bash included Paul McCartney, Jimmy Buffett, Pete Peterson, Matt Lauer, Lloyd Blankfein, Christie Brinkley, Katie Couric, Barbara Walters...