If so, I might caution you from opening e-mail solicitations you receive from individuals in Nigeria informing you that you are the beneficiary of millions of dollars from recently deposed warlords in that nation or other sub-Saharan locales.
I mean, come on. Major financial institutions including Goldman Sachs (GS), JP Morgan (JPM) Chase, Wells Fargo (WFC), The Carlyle Group and more are informed a full day in advance of what the Fed governors are thinking and the American public is supposed to buy that as an accident.
I mean if the individual at the center of this “accidental release” were a recent college graduate who should not have had exposure to the release in the first place but somehow sent it to his pals at major banks to show “hey, look what I got”, then that might be explainable but that is not the case here.
Who knew what and when did he know it and what did he do with it? Let’s navigate and with props to ZeroHedge review the career of one Brian J. Gross the individual implicated in this “accidental leak”.
Texas A&M University
BA, economics and history
1977 – 1982
Georgetown University Law Center, J.D.
1986 – 1990
Staff Counsel; The Hon. Phil Gramm
1982 – 2001 (19 years)
* Staff Counsel – Senate (1991-1998)
* Director of Communications – Senate (1985-1991)
* Legislative Assistant – House of Representatives (1982-1985)
Deputy Staff Director
U.S. Senate Committee on Banking, Housing and Urban Affairs
1999 – 2001 (2 years)
Director of External Communications
US Securities and Exchange Commission
2001 – 2003
Special Assistant to the Board
Federal Reserve Board
2003 – Present (10 years)
So do you think this “accidental leak” was really an accident? Or perhaps the accident was the fact that somehow it accidentally was learned by those outside the circle of recipients?
Think that maybe just maybe Mr. Gross was trying to ingratiate himself with his clientele? You think?
He signed off this particular email, which was reviewed by The Wall Street Journal:
“As always, please let us know if we may be of further assistance”
But of course . . . the “further assistance” is nothing more than the grease that keeps the revolving door between Wall Street and Washington so well oiled.
The rest of us should just continue to “bend over,” right? Perhaps we may all fortuitously receive such accidental good fortune as we all “navigate accordingly.”
Isn’t it time or overtime to subscribe to all my work via e-mail, an RSS feed, on Twitter or Facebook.
I have no business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.