Loading ...Ex-Federal Reserve Official Pleads Guilty to Insider Trading
So typical. While this guy definitely deserved to be prosecuted, once again they go after the lower level criminals, while the bigshots get to walk. The numerous Fed Presidents who were trading on inside info and violating all kinds of rules(and some laws) got away with a slap on the wrist.
Yes, some resigned to avoid further scrutiny, but they always let the big guys basically, off scot free. https://goldseek.com/article/ex-federal-reserve-official-pleads-guilty-insider-trading
You know there is a lot more to the story that was reported on the bigger FED governors that resigned a year or so ago due to their insider trading. I am not defending them as, yes they too are crooks, but they were set up to do this by Lael Brainard before she made the leap to the White House. Note that the governors that resigned were the more conservative responsible ones. That was the purpose to get them off the FED and bring in MMT types
Good point. Hadn’t given much thought to the political aspects of who did and didn’t get shown the door.