In this post I mentioned how Eric Rosengren, president of the Federal Reserve Bank of Boston, decided to take early retirement over complaints related to his insider trading. So there's that. But at the same time, we now see that Dallas Federal Reserve Bank President Robert Kaplan is following Rosengren out the door, again citing controversial insider trading that he was involved with. I wonder now if these guys sense something bad is coming and just want to get out before it all comes down. This is unprecedented to say the least. Fed heads don't retire early. That's not part of the deal.
I'm amazed that nobody is really talking about this. Where there is smoke, there is fire.
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