{"id":17104,"date":"2016-01-29T21:00:51","date_gmt":"2016-01-30T02:00:51","guid":{"rendered":"http:\/\/olduvai.ca\/?p=17104"},"modified":"2016-01-29T21:01:20","modified_gmt":"2016-01-30T02:01:20","slug":"dallas-fed-responds-to-zero-hedge-foia-request","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=17104","title":{"rendered":"Dallas Fed “Responds” To Zero Hedge FOIA Request"},"content":{"rendered":"

Dallas Fed “Responds” To Zero Hedge FOIA Request<\/a><\/h3>\n
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Two weeks ago, Zero Hedge\u00a0reported an exclusive story\u00a0<\/a>corroborated by at least two independent sources, in which we informed our readers that members of the Dallas Federal Reserve had met with bank lenders with distressed loan exposure to the US oil and gas sector and, after parsing through the complete bank books, had advised banks to i) not urge creditor counterparties into default, ii) urge asset sales instead, and iii) ultimately suspend mark to market in various instances.<\/p>\n

The Dallas Fed took the opportunity to respond (on Twitter), when in a tersely worded statement it said the following:<\/p>\n

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\"\"<\/span>Dallas Fed<\/span>\u00a0<\/a>\u2714<\/span><\/span>@DallasFed<\/span><\/a><\/div>\n<\/div>\n
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No truth to this\u00a0@<\/span>zerohedge<\/span><\/a>\u00a0story. The Dallas Fed does not issue such guidance to banks.\u00a0https:\/\/<\/span>twitter.com\/zerohedge\/status\/688441021986959361\u00a0<\/span>\u2026<\/a><\/p>\n

12:07 PM – 18 Jan 2016<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n
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We thanked the Fed for answering even if its response was in itself a lie, and further since we fully stood by our story, we asked the Federal Reserve chaired by Goldman Sachs veteran, Robert Kaplan, to answer several follow up questions regarding this matter which is of significant public interest.\u00a0 To wit:<\/p>\n

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  • Has the Dallas Fed, or any other members and individuals of the Federal Reserve System, met with U.S. bank and other lender management teams in recent weeks\/months and if so what was the purpose of such meetings?<\/li>\n
  • Has the Dallas Fed, or any other members and individuals of the Federal Reserve System, requested that banks and other lenders present their internal energy loan books and loan marks for Fed inspection in recent weeks\/months?<\/li>\n
  • Has the Dallas Fed, or any other members and individuals of the Federal Reserve System, discussed options facing financial lenders, and other creditors, who have distressed credit exposure including but not limited to:<\/li>\n<\/ul>\n

    …click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    Dallas Fed “Responds” To Zero Hedge FOIA Request Two weeks ago, Zero Hedge\u00a0reported an exclusive story\u00a0corroborated by at least two independent sources, in which we informed our readers that members of the Dallas Federal Reserve had met with bank lenders with distressed loan exposure to the US oil and gas sector and, after parsing through […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3],"tags":[1718,11634,3325,3730,200,305,5088,4286,376,4073,4318],"class_list":["post-17104","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-citigroup","tag-counterparties","tag-creditors","tag-dallas-fed","tag-default","tag-federal-reserve","tag-foia","tag-freedom-of-information-act","tag-goldman-sachs","tag-mark-to-market","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17104"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17104\/revisions"}],"predecessor-version":[{"id":17106,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17104\/revisions\/17106"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}