• 31 Mar 2011 at 3:32 PM

Federal Reserve Takes A Page From Goldman Sachs’ Playabook

By

If you’re a person who’s living in the past, you were probably very excited to hear that the Federal Reserve would today be releasing secret loan documents detailing who was in some trouble several years ago and who was in some big trouble, in case you were unable to hazard a guess. The Fed originally wasn’t going to share any information, having denied Bloomberg’s request for the details almost three years ago, but was forced to do so under court order. They really didn’t want to but after the Supreme Court said last month they must, everyone came around and said you know what? Sure thing. Happy to do it. You want documents? You’re gonna get ‘em. EVERY SINGLE ONE.

Liking the move Goldman pulled when it sent the Financial Crisis Inquiry Commission thousands upon thousands of documents last year to wade through, some of it germane to the situation, some of it CFO David Vinair sending links to himself from Bon Appetit‘s website for butter pecan ice cream recipes so he wouldn’t forget, the Fed sent Bloomberg and various other news organizations two CD-ROMS containing 894 PDF files and over 25,000 pages of information. Happy hunting.

Comments (15)

  1. 1
    Posted by Former Lehman Quant | March 31, 2011 at 7:54 PM

    “….some of it germane to the situation….” So, the hint is hat Deutsche Bank was involved in some alleged way??

  2. 2
    Posted by Guest | March 31, 2011 at 8:27 PM

    so Fed is doing God

  3. 3
    Posted by Hjdh | March 31, 2011 at 8:28 PM

    you mean God’s work

  4. 4
    Posted by PasteSpecialFormats | March 31, 2011 at 8:31 PM

    It was all a response to basically being called a also-ran pussy by The Maestro.

    [Ben to himself in a mirror]: “Oh yeah, you think you’re so bad, blowing up the world and shitting all over our ideas? Well watch this, because I’m going to give world some fuckin’ reading material.”

  5. 5
    Posted by PasteSpecialFormats | March 31, 2011 at 8:31 PM

    It was all a response to basically being called a also-ran pussy by The Maestro.

    [Ben to himself in a mirror]: “Oh yeah, you think you’re so bad, blowing up the world and shitting all over our ideas? Well watch this, because I’m going to give world some fuckin’ reading material.”

  6. 6
    Posted by TexasBigAIDS | March 31, 2011 at 8:35 PM

    That’s cheating, Fed. I’m taking my marbles and going home.

    Lil Macke

  7. 7
    Posted by TexasBigAIDS | March 31, 2011 at 8:35 PM

    That’s cheating, Fed. I’m taking my marbles and going home.

    Lil Macke

  8. 8
    Posted by Guest | March 31, 2011 at 8:42 PM

    This happens all the time around here…

  9. 9
    Posted by Tulsa Trader | March 31, 2011 at 8:57 PM

    _If you ain’t cheatin’, you ain’t tryin’ hard enough_

  10. 10
    Posted by LUcky Lloyd B. | March 31, 2011 at 8:58 PM

    CTRL+ F will be the undoing of the feds stupid antics

  11. 11
    Posted by Charles Amerigo Gasparino | March 31, 2011 at 8:59 PM

    Germane Jackson is a friend of mine.

  12. 12
    Posted by Charles Amerigo Gasparino | March 31, 2011 at 8:59 PM

    Germane Jackson is a friend of mine.

  13. 13
    Posted by The Honester | March 31, 2011 at 9:02 PM

    ^i^This requires honesty^/i^

  14. 14
    Posted by Anonymous | March 31, 2011 at 9:34 PM

    At least they didn’t put it all in a fcking ten inch binder this time.

    -Lloyd Blankfein

  15. 15
    Posted by Homosaurus | March 31, 2011 at 9:43 PM

    So Gary Cohn committed perjury?