Damus
Open in Damus
Lyn Alden profile picture
Lyn Alden
@LynAlden
An advisor got arrested for giving Federal Reserve trade secrets to China.

-First thought is, “why does a central bank even have trade secrets?” In that case, the central bank probably isn’t as transparent as it should be.

-Second thought is, “maybe it’s info they have on specific banks rather than their own trade secrets.” In that case the Fed collected trade secrets and then got breached, becoming a third party security hole.

https://www.reuters.com/world/us/former-federal-reserve-adviser-arrested-passing-trade-secrets-china-justice-2025-01-31/
1210❤️55🤙9👍3🔥3❤️2👀2
Trivium · 66w
Word on the street is the trade secret was "CTRL-P".
paulo · 66w
Things are getting weird
nostrich · 66w
What I constantly think is: why would you care about such secrets if you can print the money. They literally can print the money. Like… don’t they understand this?
Deleted Account · 66w
Nah trump probably just didn’t like him for some reason and got him on a technicality
HodlerOfLastResort · 66w
Opt out 🤷🏻‍♂️
Cykros · 66w
I think even something as simple as the specific factors they're using to determine monetary policy by could reasonably be considered trade secrets if they're specific enough, if it provided the means of knowing in advance where fed funds target is going to be. Which is of course actionable MNPI to ...
BitLo · 66w
End the Fed…problem solved.
cryptoshi2k21.bitcoin · 66w
Trade secrets that's hilarious 😂 here's the "We print USD anytime we went. We just fire up the old printing presses and give ourselves another couple trillion USD" I say end the #Fed and #IRS