{"id":184861,"date":"2012-01-02T17:54:00","date_gmt":"2012-01-02T22:54:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2012\/01\/02\/yes-the-complete-absence-of-oversight-of-central-bankers-is-a-good-thing\/"},"modified":"2012-01-02T17:54:00","modified_gmt":"2012-01-02T22:54:00","slug":"yes-the-complete-absence-of-oversight-of-central-bankers-is-a-good-thing","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2012\/01\/02\/yes-the-complete-absence-of-oversight-of-central-bankers-is-a-good-thing\/","title":{"rendered":"Yes, the Complete Absence of Oversight of Central Bankers is a Good Thing\u2026"},"content":{"rendered":"

So there is nothing to worry about with the wife of head of the Swiss National Bank shorting the SFr just days before it’s devaluation by her husband<\/a>:<\/p>\n

\n
My kind of story in the Swiss papers<\/b><\/a> today. I love it when big shot central bankers get their dirty laundry made public.<\/p>\n

Kashya, the wife of Philipp Hildebrand (head of the Swiss National Bank) sold Swiss Francs just a few days before the Swiss National Bank initiated exchange controls and devalued the Franc. The timing of the transactions was nearly perfect. The suggestion is that \u201cpillow talk\u201d between husband and wife lead to the trades.<\/p>\n

Don\u2019t expect heads to roll over this transgression. There has been a complete review by Swiss authorities and the conclusion is that there were no insider trading violations by the wife. That\u2019s not to say that trades did not happen.<\/p>\n

Apparently, Kashya Hildebrand bought ~$500,000 when she shorted the CHF. This relatively small transaction netted the Hildebrand family only ~$50,000 in less than one month. Being that the amount is so small, the conclusion is that nothing nefarious has taken place. \u2026\u2026\u2026\u2026.<\/p><\/div>\n<\/blockquote>\n

Seriously, if I<\/b> stole $50,000, I’d be in jail, with a prosecutor asking for a big chunk of bail money, but because this is one of the bankster elite, it’s no harm, no foul.<\/p>\n

I’m, really beginning to think that we don’t need to just prosecute the financiers, but we need to go after the corrupt regulators, including<\/b> the central bankers, as well.<\/p>\n

To quote Sigourney Weaver, “I say we take off and nuke the site from orbit. It’s the only way to be sure.”<\/p>\n

H\/t Atrios<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

So there is nothing to worry about with the wife of head of the Swiss National Bank shorting the SFr just days before it’s devaluation by her husband: My kind of story in the Swiss papers today. I love it when big shot central bankers get their dirty laundry made public. Kashya, the wife of …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970,984,1004,985],"tags":[],"class_list":["post-184861","post","type-post","status-publish","format-standard","hentry","category-corruption","category-europe","category-finance","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/184861"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=184861"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/184861\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=184861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=184861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=184861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}