Quote:
Originally Posted by ReplayRandall
https://www.forbes.com/sites/teakvet...teps-down/amp/
The presidents of the Dallas and Boston branches of the Federal Reserve Bank, Robert Kaplan and Eric Rosengren, respectively, announced their retirements hours apart on Monday, weeks after they said they would sell their individual stock holdings after questions were raised about their trading activity from last year.
Rosengren’s last day will be Sept. 30 — the date he and Kaplan said they would sell all their individual stocks by, after coming under scrutiny for trades made during the pandemic; Kaplan’s last day will be Oct. 8.
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those guys retired because they were exposed buying stocks in companies just before the Federal Reserve Banks bought bonds from those companies, supporting the companies.
insider trading on same level as legislators knowing about legislation going through Congress affecting certain companies.
