4/29/13

If SEC Chair Mary Jo White's husband John was at the SEC, I believe she needs to recuse herself from Hartzman v Wells Fargo Immediately

If from 2006 through 2008, SEC Chair Mary Jo White's husband John was head of the SEC division which oversees disclosure and reporting by public companies, and Sarbanes-Oxley says the SEC recieves all the documents and can intervene in proceedings at its discretion at any time, Mary Jo White should immediately recuse herself from any involvement in Wells Fargo Advisors LLC / Hartzman / 4-3750-13-010.
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"...Goldman Sachs, which had made such a big show of being reluctant about accepting $10 billion in TARP money, was quick to cash in on the secret loans being offered by the Fed. By the end of 2008, Goldman had snarfed up $34 billion in federal loans – and it was paying an interest rate of as low as just 0.01 percent for the huge cash infusion. Yet that funding was never disclosed to shareholders or taxpayers, a fact Goldman confirms. "We did not disclose the amount of our participation in the two programs you identify," says Goldman spokesman Michael Duvally.

Goldman CEO Blankfein later dismissed the importance of the loans, telling the Financial Crisis Inquiry Commission that the bank wasn't "relying on those mechanisms."


http://www.bloomberg.com/data-visualization/federal-reserve-emergency-lending/#/Goldman_Sachs_Group_Inc/?total=true&mcp=true&mc=true&taf=false&cpff=true&pdcf=true&tslf=true&stomo=true&amlf=false&dw=true
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"Stephen Friedman, a Goldman director who was also chairman of the New York Fed, bought more than $4 million of Goldman stock over a five-week period in December 2008 and January 2009 – years before the extent of the firm's lifeline from the Fed was made public."

Matt Taibbi
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If former New York Fed Chairman and Goldman Sachs' alumni Stephen Friedman knew about secret loans to Goldman in 2008 and 2009, how did he not buy GS with unknown information?
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I provided information to Matt Taibbi on Goldman Sachs' Stephen Friedman, which he subsequently reported.
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I believe Mrs. White has a stake in the outcome of Wells Fargo Advisors LLC / Hartzman / 4-3750-13-010, in that her husband allowed Goldman Sachs to not report what they should have while he was in charge of company reporting.

I believe John White may be guilty of defrading taxpayers by purposefully overlooking wrongdoing via Sarbanes Oxley during his tenure at the SEC.
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Previously;

The JP Morgan Jamie Dimon/Matt Taibbi Edition of why SEC Chair Mary Jo White needs to recuse herself from Hartzman v Wells Fargo

On SEC Chair Mary Jo White needing to recuse herself from Hartzman v Wells Fargo

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