Posted on 02/10/2016 7:51:19 PM PST by Nachum
For nearly one year, Wisconsin Rep. Sean Duffy has been Janet Yellen's nemesis over the ongoing probe into Fed leakage of material inside information via Medley Global and any other undisclosed channels, one which has seen subpoeans be lobbed at the Fed which has been doing everything in its power to stall said probe, and which cost Pedro da Costa his job when he dared to ask questions at a Fed presser that were not precleared by his WSJ "Fed mouthpiece" peers.
Today, during Yellen's appearance before the House Financial Services committee, Duffy finally had enough, and in a heated exchange asked Yellen what on legal authority is the Fed exerting privilege to ignore a Congressional probe into what is clearly a criminal leak, one which has nothing to do with monetary policy and everything to do with the Fed providing material, market moving information to its favorite media and financial outlets.
The exchange highlights are below:
DUFFY: We sent a letter in the Medley investigation, in our oversight of the Fed, asking you for information regarding communication. No compliance. Then we sent you a subpoena in May, you did not comply with that.
We had partial compliance in October. We're now a year after my initial letter. I've asked you for excerpts of the FOMC transcripts in regard to the discussion -- in regard to the internal investigation on Medley. You have not provided those to me. Is it your intent today to promise that I will have those, if not this afternoon, tomorrow?
YELLEN: Well, congressman, I discussed this matter with Chairman Hensarling and indicated we have some concern about providing these transcripts... given their importance in monetary policy.
(Excerpt) Read more at zerohedge.com ...
Want honest answers for Democrat crimes? Go to Hellen Waite.
Upset enough to do something about it, Congressman? Nah, I didn’t think so.
WI Congressman, Sean Duffy, takes on Janet Yellen.
FReep Mail me if you want on, or off, this Wisconsin interest ping list.
Janet Yellen, Ben Bernanke, Alan Greenspan and more belong hanging by their necks from a tree.
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