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here is more on it from ZH http://www.zerohedge.com/article/ctrlaltbernanke-operation-empire-state…
well, the fed is screwed
Hmmm....interesting, but I have my doubts. The easiest way to protect against attacks that originate from the internet is to not connect machines vital to national security to the internet. No magic firewalls, just no internet connection at all. The wikileaks scandal happened because they had a guy on the inside (Manning) which is another thing entirely. Somehow I think the Federal Reserve is safe from 4chan. Call me crazy.
Any sort of attack on the Fed could easily damage consumer confidence. These hooligans could cause actual harm. For once I'm rooting for the FBI/NSA.
lol the fed has already damaged consumer confidence themselves by excessive monetary measures. Markups of good has substantially risen in direct correlation with QE1,2, there is no arguing that. When markups go up, real wages fall and consumers feel the squeeze.
I'm not sure I understand what hacking the fed would even mean. It's not like the fed has highly classified military secretes....no? They are just keeping tons of economic data that wouldn't reveal too much that isn't already known. It's not like they are gonna hack onto Bernankes computer and start printing money from inside the fed.
They would go after either the minutes of closed door FOMC meetings that have yet to be announced, the list of who is getting bail out money through TARP or any other loan facilities that is confidential, or they could attack the electronic mechanism that performs day to day lending between BBs and the Fed. They could also go after emails of Board Governors, officers and staff.
I don't know what they're trying to prove though. Should the Fed not bailed out the banking sector when it went tits up? I'm positive there has been fraud with all the money that got thrown around after the crisis, there must have been people taking advantage of the situation. But are they seriously suggesting that the Fed should not have lent money out to prevent the economy from dying? Buncha crazies if you ask me.
No, the Fed should not have bailed out the banking sector when it went tits up. No, the Fed should not have lent money out. The Fed did not prevent the economy from dying. On the contrary, by bailing out the banks, the Fed effectively ensured the collapse of the United States economy, and quite possibly the entire global economy along with it.
I'd love to hear your reasoning explaining this...
I can't remember where I read it, but after Lehman went under the MBS and CDS markets were about an hour or 2 hours from complete collapse. 60 Trillion dollars in offsetting bets that can't clear. Somehow, I think that if the Fed hadn't been there things would have been worse. That said, going forward I would like to see a bailout of homeowners that isn't just a home buying tax credit.
Jester would hopefully intervene: http://en.wikipedia.org/wiki/The_Jester_(hacktivist)
AnonOps is leaking BoA emails proving fraud in foreclosures on Monday and they've shown they have access. Heads up for anyone holding banks.
http://www.zerohedge.com/article/hacker-collective-anonymous-release-do…
[quote=monkeysama]AnonOps is leaking BoA emails proving fraud in foreclosures on Monday and they've shown they have access. Heads up for anyone holding banks.
http://www.zerohedge.com/article/hacker-collective-anonymous-release-do…]
uhh that was march 11...but all else equal, heads up for anyone holding banks baaahahahah!
Ah....you're right. Never mind!
I agree with the fundamental critique of the Fed and its need for reform but I don't think a Flashmob is going to get Bernanke to step down, nor is a fringe hacktivist group going to reach enough of the populace to make a difference.
I agree, if they make it look like he was in Forever Alone Flashmob though that would be hilarious.
One can only hope that Anonymous succeeds. Getting rid of The Bernank is the first step on the road to recovery.
To be honest, I don't see any hope for most of the U.S. The majority of the population is far too comfortable in their gluttonous, sloth-like ways to stop the Fed from economically enslaving them; they're basically sheep being led to the slaughter.
Should be fun to watch, I'm a few blocks from the Fed and will be camped out with a camera in the morning. I seriously doubt this will amount to much : they are simply not sophisticated enough, nor is the public currently outraged enough, nor are enough people defecting from enough institutions to cause systemic damage.
'Down with the system' is not going to address their greivances and will only make them FAR worse.
I don't think that anonymous does anything that you can catch on camera? they are hackers...
Am I the only one that sees the stupidity of this "hacking"? Hacking the fed is like hacking a porn site, you will only get access to things that people all ready know. The Fed meeting memos are kept on a seperate system that is totally isolated from any form of network.
What I was saying is that, from what I know about the cyber security at the FED, to hack in and steal information that would be of any real value you would have to physically be on site. The servers used to house the data are stand alone and they are not connected to any kind of network.
You can't trust a guy with the beard in a clean shaven profession.
I feel like far too few people properly understand computers and the "hacking" that's been going on recently.
Related: http://www.bbc.co.uk/news/world-us-canada-13740591
I'm wondering if China is going to jump on the bandwagon....while FBI is looking for a bunch of script kiddies, they make some moves.
You can probably get a good idea of what exactly is going on by having all their internal emails and whatnot. You may not have full documents, but snippets of an email that say, "we get the $10b to Greece" or whatever are just as damning.
Plus, the most harmful part of this is having to say the Fed got hacked.
Yea, good point D M. I think that's the real issue. The effect on consumer confidence and the general public's reaction to having the Fed come under attack, especially if they do something that everyone can see (like putting a photoshopped picture of a naked Ben Bernanke on the Fed homepage or something...actually that would be fucking hilarious.)
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