Here Is Your Chance To Demand Answers From The Fed's General Counsel, Scott Alvarez

zero hedge ^ | 5/31/11 | Tyler Durden

[Nachum]

For all Zero Hedge readers who have long waited for their chance to ask Mr. Scott Alvarez of "Have The Federal Reserve Or Prime Brokers Ever Tried To Manipulate The Stock Market?" fame a question about life, the universe or why the CME decides to hike ES margins in an environment of rising realized vol, here it is. Tomorrow, at 2PM, Ron Paul will lead a hearing by the Financial Services Committee, which will luckily be carried by C-SPAN meaning one will be actually able to hear the dialog (alas, the House continues to believe that investing in microphones for their internal webcasts is a bad idea), titled: "Federal Reserve Lending Disclosure: FOIA, Dodd-Frank, and the Data Dump." The witnesses will be Mr. Thomas C. Baxter, Jr., General Counsel, Federal Reserve Bank of New York, and the one and only Scott G. Alvarez, General Counsel, Board of Governors of the Federal Reserve System. While the usual heeming and hawing will follow each and every question, what is unique about this session is that the FSC actually allows anyone to submit questions for the honorable lawyers. The link to submit questions is here: we urge Zero Hedge readers to take advantage of this opportunity and have Mr. Paul read their questions to the two general counsels, even if no legible answers will be (ever) forthcoming.

As a reminder, Baxter is the same lawyer who a year and a half ago said that it was the Fed's actions to bail out Goldman Sachs, pardon, AIG, that prevented the end of the world:

[Revel]

That would be like asking Bernie Maddof- 5 years ago, if he was a thief.

[arrogantsob]

I will be stunned if there is ONE intelligent question posed.