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submitted 2 weeks ago by vegeta1@hexbear.net to c/news@hexbear.net
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[-] culpritus@hexbear.net 47 points 2 weeks ago

https://abcnews.go.com/Business/wireStory/former-federal-reserve-adviser-indicted-arrested-alleged-espionage-118346241

A grand jury indictment accuses John Harold Rogers, 63, of Vienna, Virginia, of stealing Federal Reserve trade secrets and selling them to Chinese intelligence officials for at least $450,000 by posing as a university professor in China.

He worked as a prof for a Chinese university, so this seems like just new Red Scare crap on its face.

[-] dat_math@hexbear.net 35 points 2 weeks ago

Federal Reserve trade secrets

I'm a scientist, not a free market fanboy and I only kind of understand the obscure sorcery they call MMT. Why the fuck would the Fed have "trade secrets"? Are they nominally a for-profit enterprise?

[-] Maturin@hexbear.net 21 points 2 weeks ago

Are they nominally a for-profit enterprise?

yes

[-] dat_math@hexbear.net 16 points 2 weeks ago* (last edited 2 weeks ago)

Who owns the fed if not the us government?

[-] BodyBySisyphus@hexbear.net 8 points 2 weeks ago

Can I just use this opportunity to say it sucks to be a midcareer nonconformist? You got your suspicions early enough that you didn't buy in for the time it takes to become a true believer with valuable access, but you also didn't have the foresight to plan your career around worming your way into the most sensitive systems in order to do maximum damage.

this post was submitted on 03 Feb 2025
126 points (99.2% liked)

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