Yes, they play the market, too.

No insider information or conflict of interest here! :)

http://www.nasdaq.com/article/fed-makes-....

This WHOLE debacle is really nothing more complicated than the intro to a bad episode of the A-Team...right before they put BA to sleep and on the plane.

Or maybe Road House is a better analogy?

I think a quote is in order:

Quote:

New York Federal Reserve President William Dudley owned more than $120,000 worth of shares in General Electric Co. (GE) and American International Group Inc. (AIG) in 2008, when he was an official at the central bank and the firms were being assisted by the Fed, the New York Fed said in disclosures Tuesday.

The disclosures, detailing previously confidential holdings from the 12 regional Fed bank presidents, showed Dudley held GE shares worth around $120,000 and AIG stock worth some $2,000 on Sept. 19, 2008. That's when the New York Fed chief was given a waiver to continue working on the AIG bailout and on issues involving GE, another company that received help from the government.

Quote:

Many officials were heavily exposed to the stock market. The Atlanta Fed's Dennis Lockhart, for example, held shares of Apple (AAPL), Amazon (AMZN), Coca- Cola (KO), Ebay (EBAY), Exxon-Mobil (XOM), General Electric (GE), IBM (IBM), Kinder Morgan Inc. (KMI), other individual stocks, U.S. stock index funds and exchange traded funds representing China and Brazil.

Lockhart was an active investor. In October 2010, he made $289,000 worth of investments in S&P 500 and Russell 1000 index funds and $46,000 in an emerging market equity fund, the disclosures showed. That was a few weeks before the Fed was about to launch a bond-buying program known as quantitative easing meant to stimulate financial markets, though by then the program was widely anticipated in financial markets. An Atlanta Fed spokeswoman was not immediately able to comment on the lengthy disclosures.

Imagine the ratings if CNBC ran "Fast FOMC Money," live from the Fed! :)

BB coverage of the Fed disclosures:

http://www.bloomberg.com/news/2012-01-31....