It’s Been More than Seven Months and Still No Investigative Findings on the Fed’s Trading Scandal

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

It’s Been More than Seven Months and Still No Investigative Findings on the Fed’s Trading Scandal

By Pam Martens and Russ Martens: April 21, 2022 On September 7 of last year, Wall Street Journal reporter Mike Derby broke the story that “Federal Reserve Bank of Dallas President Robert Kaplan made multiple million-dollar-plus stock trades in 2020, according to a financial disclosure form provided by his bank….” Kaplan was a sophisticated trader who previously worked at Goldman Sachs for 22 years, rising to the rank of Vice Chairman. His financial disclosure forms suggest that Kaplan maintained a trading relationship with Goldman Sachs, since he lists proprietary products created by “GS,” short for Goldman Sachs. It would be highly inappropriate for Kaplan to have a trading relationship with Goldman Sachs since it is a bank holding company supervised by the Fed. The strange thing about Derby’s reporting on Kaplan is that it didn’t capture the most scandalous aspect of Kaplan’s trading. According to Kaplan’s financial disclosure forms, he was … Continue reading →

–