The Maine Wire
  • News
  • Commentary
  • The Blog
  • About
    • Contact
  • Investigations
    • Data
Facebook Twitter Instagram
Trending News
  • NH Trans Man Who Allegedly Murdered Wife Had Previously Hosted “Ask a Trans Woman Anything”
  • A Tale Of Two Maine Canneries: Contrasting Redevelopment Efforts In Prospect Harbor, Eastport
  • NH Man Arrested for Posing as Teenager Online to Elicit Sexually Explicit Material from Minor
  • Mount Desert Island Hospital Disciplines Nurses Who Protested the Closure of Its Maternity Ward
  • Alabama Man Arrested, Facing Federal Charges for Alleged Threats Against Bangor International Airport
  • Indian National Admits Role in Staged Armed Robberies for Visa Fraud Scheme in Boston
  • Maine CD2 Front-Runner Paul LePage Joins the Robinson Report [VIDEO]
  • By the Seat of Her Pants, Mills Signs Slew of Orders to Cover Another Set of Massive Payroll Shortfalls
Facebook Twitter Instagram
The Maine Wire
Sunday, May 25
  • News
  • Commentary
  • The Blog
  • About
    • Contact
  • Investigations
    • Data
The Maine Wire
Home » News » News » Poliquin: The Federal Reserve Continues To Resist Oversight
News

Poliquin: The Federal Reserve Continues To Resist Oversight

Bruce PoliquinBy Bruce PoliquinJune 2, 2015No Comments2 Mins Read
Facebook Twitter Email LinkedIn Reddit
Share
Facebook Twitter LinkedIn Email

According to 2012 reports, the Federal Open Market Committee (FOMC), which is made up of high-ranking Federal Reserve officials, held a meeting on monetary policy with Wall Street organizations.

The reports claim that at this meeting, confidential FOMC information was leaked to Medly Global Advisors, who then shared this information to clients.

Time and time again, the Federal Reserve has refused to comply with the House Financial Services’ Oversight Subcommittee, on which I sit, in regards to how this market-sensitive information was leaked.

This past month, the House Financial Services Committee issued a subpoena to the Federal Reserve. This subpoena will help bring accountability and transparency as it will require the Federal Reserve to submit vital documents to the Committee regarding the leak of market-sensitive inside information to Wall Street traders.

I have repeatedly expressed my concerns with our nation’s central bank as it is clearly resistant to turn over important documents to this oversight Committee. This information would help determine who and how confidential information was unlawfully released.

Such a breach could have given one group of investors an unfair and illegal advantage over the general public regarding their stock and bond investments.

This isn’t fair, and it isn’t right.

Hard-working Maine families saving and investing for their retirements and children’s education have zero tolerance for Washington insiders gaming the system for their own advantage and that of their cronies. It’s no wonder why honest Americans have lost trust in big government that looks out for itself at the expense of those who play by the rules.

Mainers deserve a government that works FOR them, not AGAINST them.

I will continue to monitor the status of the subpoena and make sure the Federal Reserve turns over key documents regarding this leak.

We must get to the bottom of this.

Bruce Poliquin Congress Featured Federal Reserve Maine Opinion
Previous ArticlePosik: Governor Leads the Way on Welfare Reform
Next Article North Carolina Tax Revenues Increase After Tax Cuts
Bruce Poliquin
  • Website

Congressman Bruce Poliquin is a third generation Mainer from a big-hearted Franco-American family. He was appointed to the House Financial Services Committee where he works on a wide range of issues related to providing oversight of the financial services sector and helping to grow the American economy. As your representative, Congressman Poliquin will continue to use his life, business and government experiences to help our hard-working families and businesses, create jobs and grow Maine’s economy.

Subscribe to Substack

Related Posts

NH Trans Man Who Allegedly Murdered Wife Had Previously Hosted “Ask a Trans Woman Anything”

May 23, 2025

A Tale Of Two Maine Canneries: Contrasting Redevelopment Efforts In Prospect Harbor, Eastport

May 23, 2025

NH Man Arrested for Posing as Teenager Online to Elicit Sexually Explicit Material from Minor

May 23, 2025

Leave A Reply

Subscribe to Substack
Recent News

NH Trans Man Who Allegedly Murdered Wife Had Previously Hosted “Ask a Trans Woman Anything”

May 23, 2025

A Tale Of Two Maine Canneries: Contrasting Redevelopment Efforts In Prospect Harbor, Eastport

May 23, 2025

NH Man Arrested for Posing as Teenager Online to Elicit Sexually Explicit Material from Minor

May 23, 2025

Mount Desert Island Hospital Disciplines Nurses Who Protested the Closure of Its Maternity Ward

May 23, 2025

Alabama Man Arrested, Facing Federal Charges for Alleged Threats Against Bangor International Airport

May 23, 2025
Newsletter

News

  • News
  • Campaigns & Elections
  • Opinion & Commentary
  • Media Watch
  • Education
  • Media

Maine Wire

  • About the Maine Wire
  • Advertising
  • Contact Us
  • Submit Commentary
  • Complaints
  • Maine Policy Institute

Resources

  • Maine Legislature
  • Legislation Finder
  • Get the Newsletter
  • Maine Wire TV

Facebook Twitter Instagram Steam RSS
  • Post Office Box 7829, Portland, Maine 04112

Type above and press Enter to search. Press Esc to cancel.