Have The Federal Reserve Or Prime Brokers Ever Tried To Manipulate The Stock Market?

[Arraya]

Where is the wsj or Forbes on this stuff? Oh, the Fed owns the financial media, I forgot.

Remember everybody, as Bernake told us, if the Fed gets Audited they will destroy the economy. Don’t look at our books or we’ll burn the house down.

http://www.zerohedge.com/article/has-federal-reserve-ever-tried-manipulate-stock-market-how-about-prime-brokers
Alan Grayson: I would like to know whether it is within the Federal Reserve’s legal authority to try to manipulate the stock market or the futures market.

Federal Reserve GC Scott Alvarez: I don’t believe the Federal Reserve tries to manipulate the stock market…(Yoda: Do or do not, there is no try.)

Alan Grayson: Does the Federal Reserve actually possess all the gold that’s listed on their balance sheet.

Scott Alvarez, doing a classic poker body language tell, and taking his time: Yes…

Alan Grayson: Who actually executes the trades for the Federal Reserve in the markets?

Scott Alvarez: The Federal Reserve Bank of New York, which executes trades through Primary Dealers.

Alan Grayson: Can you name one Primary Dealer?

Scott Alvarez: JP Morgan Chase

Alan Grayson: Do you mind if we have a GAO audit to see if there has been front-running or insider trading by them? Do you mind? Is that ok with you?

Scott Alvarez: I am not sure if I have that authority…

http://www.chrismartenson.com/blog/currency-swaps-dollar-and-tilted-playing-field/28224
It could merely be coincidence that the very same Wall Street firms with daily contact with the NY Fed staff secured outsized gains during this period of time, but it is hard to trust that this was mere coincidence, given all that we’ve recently learned about Wall Street’s inability to control its greed.

Let me not just pick on Wall Street. Steven Friedman, the NY Federal Reserve board head in 2008, somehow could not stop himself from buying shares in Goldman Sachs, even as he was overseeing their dramatic rescue. He resigned over the scandal, but good luck locating much analysis or discussion of this amazing turn of events outside of the blogs.

Because a level playing field is vital to our market structure, it would be an enormous relief to both audit the Fed and secure testimony under oath about whether or not certain large Wall Street banks received information that allowed them to game the trading system in unfair ways.

A vital pillar remaining at the forefront of this particular industry rests on trust. And sometimes trust requires a little transparency, especially if appearances have been compromised.

If the Fed and Wall Street have nothing to hide, then they should welcome an audit and investigation with open arms.

[CricketOnTheHearth]

Umm, “Ever”? Don’t you mean “Are”??

[CricketOnTheHearth]

Umm, “Ever”? Don’t you mean “Are”??

[CricketOnTheHearth]

Umm, “Ever”? Don’t you mean “Are”??

[CricketOnTheHearth]

Umm, “Ever”? Don’t you mean “Are”??

[CricketOnTheHearth]

Umm, “Ever”? Don’t you mean “Are”??

[paramount]

Everybody knows the game is fixed;
the poor get poor the rich get rich;
that’s how it goes, everybody knows…

I’m not even sure why these issues are brought up – the FRB controls the country, the ‘system’ is completely corrupt and we know this…

Nothing will change and the FRB will do exactly what it wants to do – we are just sheeple.

Just look at how the feds are beating up so called ‘anarchists’ in Pittsburgh…

[paramount]

Everybody knows the game is fixed;
the poor get poor the rich get rich;
that’s how it goes, everybody knows…

I’m not even sure why these issues are brought up – the FRB controls the country, the ‘system’ is completely corrupt and we know this…

Nothing will change and the FRB will do exactly what it wants to do – we are just sheeple.

Just look at how the feds are beating up so called ‘anarchists’ in Pittsburgh…

[paramount]

Everybody knows the game is fixed;
the poor get poor the rich get rich;
that’s how it goes, everybody knows…

I’m not even sure why these issues are brought up – the FRB controls the country, the ‘system’ is completely corrupt and we know this…

Nothing will change and the FRB will do exactly what it wants to do – we are just sheeple.

Just look at how the feds are beating up so called ‘anarchists’ in Pittsburgh…

[paramount]

Everybody knows the game is fixed;
the poor get poor the rich get rich;
that’s how it goes, everybody knows…

I’m not even sure why these issues are brought up – the FRB controls the country, the ‘system’ is completely corrupt and we know this…

Nothing will change and the FRB will do exactly what it wants to do – we are just sheeple.

Just look at how the feds are beating up so called ‘anarchists’ in Pittsburgh…

[paramount]

Everybody knows the game is fixed;
the poor get poor the rich get rich;
that’s how it goes, everybody knows…

I’m not even sure why these issues are brought up – the FRB controls the country, the ‘system’ is completely corrupt and we know this…

Nothing will change and the FRB will do exactly what it wants to do – we are just sheeple.

Just look at how the feds are beating up so called ‘anarchists’ in Pittsburgh…

[Arraya]

We must defend the honorable federal reserve. Bomb Iran

http://www.dailymarkets.com/forex/2009/09/22/iran-replaces-the-us-dollar-with-the-euroand-so-it-begins/
Iran’s President Mahmoud Ahmadinejad has ordered the replacement of the US dollar by the euro in the country’s foreign exchange accounts.

The September 12 edict was issued following a decision by the trustees of the country’s foreign reserves, Mehr News Agency reported.

Earlier, the Islamic Republic of Iran had announced that the euro would replace the greenback in the country’s oil transactions. Iran has called on other OPEC members to ditch the sinking dollar in favor of the more credible euro.

Following the switch, the interest rate for the facilities provided from the Foreign Exchange Reserves will be reduced from12 to 5 percent.

Since being introduced by the European Union, the euro has gained popularity internationally and there are now more euros in circulation than the dollar.

The move will also help decouple Iran from the US banking system.

[Arraya]

We must defend the honorable federal reserve. Bomb Iran

http://www.dailymarkets.com/forex/2009/09/22/iran-replaces-the-us-dollar-with-the-euroand-so-it-begins/
Iran’s President Mahmoud Ahmadinejad has ordered the replacement of the US dollar by the euro in the country’s foreign exchange accounts.

The September 12 edict was issued following a decision by the trustees of the country’s foreign reserves, Mehr News Agency reported.

Earlier, the Islamic Republic of Iran had announced that the euro would replace the greenback in the country’s oil transactions. Iran has called on other OPEC members to ditch the sinking dollar in favor of the more credible euro.

Following the switch, the interest rate for the facilities provided from the Foreign Exchange Reserves will be reduced from12 to 5 percent.

Since being introduced by the European Union, the euro has gained popularity internationally and there are now more euros in circulation than the dollar.

The move will also help decouple Iran from the US banking system.

[Arraya]

We must defend the honorable federal reserve. Bomb Iran

http://www.dailymarkets.com/forex/2009/09/22/iran-replaces-the-us-dollar-with-the-euroand-so-it-begins/
Iran’s President Mahmoud Ahmadinejad has ordered the replacement of the US dollar by the euro in the country’s foreign exchange accounts.

The September 12 edict was issued following a decision by the trustees of the country’s foreign reserves, Mehr News Agency reported.

Earlier, the Islamic Republic of Iran had announced that the euro would replace the greenback in the country’s oil transactions. Iran has called on other OPEC members to ditch the sinking dollar in favor of the more credible euro.

Following the switch, the interest rate for the facilities provided from the Foreign Exchange Reserves will be reduced from12 to 5 percent.

Since being introduced by the European Union, the euro has gained popularity internationally and there are now more euros in circulation than the dollar.

The move will also help decouple Iran from the US banking system.

[Arraya]

We must defend the honorable federal reserve. Bomb Iran

http://www.dailymarkets.com/forex/2009/09/22/iran-replaces-the-us-dollar-with-the-euroand-so-it-begins/
Iran’s President Mahmoud Ahmadinejad has ordered the replacement of the US dollar by the euro in the country’s foreign exchange accounts.

The September 12 edict was issued following a decision by the trustees of the country’s foreign reserves, Mehr News Agency reported.

Earlier, the Islamic Republic of Iran had announced that the euro would replace the greenback in the country’s oil transactions. Iran has called on other OPEC members to ditch the sinking dollar in favor of the more credible euro.

Following the switch, the interest rate for the facilities provided from the Foreign Exchange Reserves will be reduced from12 to 5 percent.

Since being introduced by the European Union, the euro has gained popularity internationally and there are now more euros in circulation than the dollar.

The move will also help decouple Iran from the US banking system.

[Author]

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