Streetlight effect and US political leaks

Given the extent of information that is being leaked these days by public employees in the US, one can safely state that a good chunk of NYT and WaPo writes itself but it is strange how nobody is caught for these flagrant violations; unless of course you are not aligned with the Democrats. Behold the Streetlight effect in the following case.

Federal Reserve Bank of Richmond President Jeffrey Lacker resigned on Tuesday as he disclosed his role in the leak of confidential information about the policy options that the Fed was considering in 2012.

Lacker said during a phone conversation with an analyst from Medley Global Advisors in October 2012 that she brought up an “important non-public detail” about Fed policy makers’ discussions before a meeting, according to a statement emailed by law firm McGuireWoods in Richmond, Virginia, on Tuesday. Due to the confidential and sensitive nature of the information, Lacker said he should have declined to comment or immediately ended the call….

The Medley report led to an internal Fed investigation, and Lacker said he failed to provide a full account about his conversation with the analyst in a questionnaire and interview with the Fed’s general counsel in December 2012.The Justice Department and FBI joined the inquiry in 2015 amid pressure from Congress for details about the leak. Lacker said that during that year, he disclosed the breach to law enforcement officials in an interview during their investigation. “In the subsequent 2015 interview with law enforcement officials, I did disclose that the analyst was in possession of confidential information during my October 2, 2012 conversation with her,” Lacker said.

Notice how the Fed, Justice Department, FBI and Congress descended on this leak?

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