4 ms·

I can't find anything about this from an actual news site. Hopefully, they'll pick it up soon if it's for real.

stickyricky 5y ago
There was a time when government documents and quotes from primary sources were considered evidence. What point would materially change if it were distributed on CNN.com?
- munchler 5y ago
  Most informed citizens don't have the time or expertise to consume primary sources directly. It's extremely useful to have a trusted news source do this for us, and then present their findings in an easily understood article.
- totalZero 5y ago
  The article makes almost zero effort to explain references to primary sources. It just has a list of documents at the end. I have no idea how to sort through and verify any of the claims made by the author.
- deleted 5y ago
  [deleted]
- gojomo 5y ago
  Well, I don't know the reputation of 'occupythefed.substack.com' from a long-history of reporting. What they purport to be valid images, & interpretations, of "government documents" may or may not be. If & when other outlets with more legible reputations (as well as known biases) pick up the same evidence, I'll have more trust in this outlet's claims.
- ketzo 5y ago
  It would have had to pass through a major news organization's in-house fact checking apparatus. I know CNN is pretty liberally biased, and blind trust in news organizations is a bad idea. But I think it's disingenuous to say that "government documents and quotes from primary sources" on a tiny Substack hold the same weight as information that goes out on the nightly news.
hnuser847 5y ago
It's old news and was reported on by the MSM almost six months ago. Just search for "Jerome Powell insider trading" and a bunch of articles will pop up. NY Times (October 4, 2021) - https://www.nytimes.com/2021/10/04/business/elizabeth-warren-fed-insider-trading.html https://www.nytimes.com/2021/10/04/business/elizabeth-warren... NY Post (October 18, 2021) - https://nypost.com/2021/10/18/fed-chair-powell-sold-millions-in-stocks-before-october-2020-tank/ https://nypost.com/2021/10/18/fed-chair-powell-sold-millions... Bloomberg (October 19, 2021) - https://www.bloomberg.com/opinion/articles/2021-10-19/jerome-powell-s-stock-dump-doesn-t-look-like-insider-trading https://www.bloomberg.com/opinion/articles/2021-10-19/jerome... Intelligencier (Jan 10, 2022) - https://nymag.com/intelligencer/2022/01/washington-d-c-has-an-insider-trading-problem.html https://nymag.com/intelligencer/2022/01/washington-d-c-has-a...
- thawaya3113 5y ago
  The 2 who were found to have made unethical trades were removed. Lawmakers have asked to investigate Powell’s trades but there is no evidence that they were unethical. It might be fishy that some of his trades were days before massive Wall Street swings. Hence the justifiable requests for investigations, but considering Powell makes several transactions a year, and there were many days with massive swings in the market over the past couple of years, some of those swings being uncomfortably close to trades are not all that suspicious by themselves.
  - ratsmack 5y ago
    >The 2 who were found to have made unethical trades were removed. Even the two that resigned over this were exonerated because the entity that approves the trades stated that they were done according to the rules in place at the time. They stepped down in an effort improve the image of the Fed and to quell the outrage brewing at the time.

There was a time when government documents and quotes from primary sources were considered evidence. What point would materially change if it were distributed on CNN.com?

munchler 5y ago
Most informed citizens don't have the time or expertise to consume primary sources directly. It's extremely useful to have a trusted news source do this for us, and then present their findings in an easily understood article.
totalZero 5y ago
The article makes almost zero effort to explain references to primary sources. It just has a list of documents at the end. I have no idea how to sort through and verify any of the claims made by the author.
deleted 5y ago
[deleted]
gojomo 5y ago
Well, I don't know the reputation of 'occupythefed.substack.com' from a long-history of reporting. What they purport to be valid images, & interpretations, of "government documents" may or may not be. If & when other outlets with more legible reputations (as well as known biases) pick up the same evidence, I'll have more trust in this outlet's claims.
ketzo 5y ago
It would have had to pass through a major news organization's in-house fact checking apparatus. I know CNN is pretty liberally biased, and blind trust in news organizations is a bad idea. But I think it's disingenuous to say that "government documents and quotes from primary sources" on a tiny Substack hold the same weight as information that goes out on the nightly news.

hnuser847 5y ago

It's old news and was reported on by the MSM almost six months ago. Just search for "Jerome Powell insider trading" and a bunch of articles will pop up. NY Times (October 4, 2021) - https://www.nytimes.com/2021/10/04/business/elizabeth-warren-fed-insider-trading.html https://www.nytimes.com/2021/10/04/business/elizabeth-warren... NY Post (October 18, 2021) - https://nypost.com/2021/10/18/fed-chair-powell-sold-millions-in-stocks-before-october-2020-tank/ https://nypost.com/2021/10/18/fed-chair-powell-sold-millions... Bloomberg (October 19, 2021) - https://www.bloomberg.com/opinion/articles/2021-10-19/jerome-powell-s-stock-dump-doesn-t-look-like-insider-trading https://www.bloomberg.com/opinion/articles/2021-10-19/jerome... Intelligencier (Jan 10, 2022) - https://nymag.com/intelligencer/2022/01/washington-d-c-has-an-insider-trading-problem.html https://nymag.com/intelligencer/2022/01/washington-d-c-has-a...

thawaya3113 5y ago
The 2 who were found to have made unethical trades were removed. Lawmakers have asked to investigate Powell’s trades but there is no evidence that they were unethical. It might be fishy that some of his trades were days before massive Wall Street swings. Hence the justifiable requests for investigations, but considering Powell makes several transactions a year, and there were many days with massive swings in the market over the past couple of years, some of those swings being uncomfortably close to trades are not all that suspicious by themselves.
- ratsmack 5y ago
  >The 2 who were found to have made unethical trades were removed. Even the two that resigned over this were exonerated because the entity that approves the trades stated that they were done according to the rules in place at the time. They stepped down in an effort improve the image of the Fed and to quell the outrage brewing at the time.