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FBN's Charlie Gasparino on sources saying the Fed's are targeting another 'big fish' in an insider trading probe.
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Was a major player Wall Street about to fall chatter going around on the trading debts and executives reits right now indicate the Obama administration's.
Justice Department is planning a major assault -- corporate America right before the election Charlie Gasparino.
Has the exclusive -- -- -- -- -- Why would they let you know this go by you know here's kind of what we know.
Wall Street trading -- -- clearly bracing for big October surprise of a major -- -- here -- is from about 45 different people.
At major firms JPMorgan Morgan Stanley of a major player on Wall Street.
Being nailed in some sort of financial crisis related -- lowering it from me thank.
Let me just back up I don't think that is gonna happen I don't think that is an urban legend -- isn't -- her religion is this.
We hear from our senior law enforcement sources tell the Fox Business Network that yet.
Yes a major player is about is is is being targeted in the insider trading -- clearly they have someone.
And I I will describe it this way because you know there's only so much these folks tell you.
It's been described to me as a big fish someone I would know very what -- would personally or at least know from the news.
And.
A least on the Paul.
So -- to organize a major player on put all that together could it be Wall Street yes could it be corporate America -- -- absolutely that's part of the whole.
You know as part of that -- -- Right I wish I knew but what they're telling me is what they say it is there could be this case and we say could.
They're moving forward with this thing pretty aggressively involves.
Witnesses and wiretaps they are talking about potentially in the fall bringing this out we should also point out as part of my conversations with would seem he's a senior law enforcement officials.
That there -- also -- that many other players including from what I understand a journalist.
Involved -- -- Richard Tom I wanna -- -- -- if I don't wanna start seeing who isn't we are okay when peers I just wanted to say hi this is not a -- this is what we're here for.
Inside the the group of of officials who are investigating the insider trading scandal these are folks at the SEC at the Justice Department at the FBI.
A much on who -- sources but they are clearly looking at a journals now do want you it's it it's our -- I would that that is -- I will did not not.
-- because it's impossible to know because it's impossible to -- treat my money market.
That it I will say this I didn't I didn't just so you know I put this on Twitter.
I've written -- column in the Huffington Post about this.
I'm getting bombarded with calls obviously cool and I can't occupy protesters cheering out there has said that they are very art but I will say that -- -- -- I just wanna make it clear I know the identifying characteristics I know big enough characteristics where.
It would narrow it down to a few.
-- probably one person.
I -- when -- -- I'm just gonna tell you why I'm not gonna say all of these again effect at least yet.
And the reason why guys is that I remember what what happened with Dan Dorfman.
You know years ago you know and you you guys a young if we -- I'm almost I'm -- -- -- told -- in that sort of middle age category gained -- from was a top columnist.
He was investigated I believe by the SEC some like 1520 years ago I don't even became of -- and his career was ruined.
Does that mean he did everything on and on the up -- up I don't know what you know being investigated.
And being charged are two big -- two different things.
And I'm very hesitant to give identifying characteristics that I would feel the same way.
About lie about this about the person.
About the person involved.
It does it mean.
Now now it's okay this is the last one when -- say it'll come in but I'm not say how much say I'm not giving you identifying characteristics and -- don't -- -- either but I could say this.
That the October surprise the XP October surprise that everybody's talking about on Wall Street.
Is clear it from what I understand.
Does -- -- Dick fold them or Lloyd Blankfein right allow people to Canada and charges part of threaded into his misstatements or his potential perjury to congress.
When he said David Goldman was involved in a massive short but may be a big short.
I don't believe it's those two.
I from what I understand from my sources in this in the law enforcement community in involves insider trading it is a fairly large player that's -- this -- Also as well we -- -- -- that on -- investigation.
Is a journalist this -- -- journals that we would know.
I do have identifying characteristics I'm not given an up wow okay we're gonna torture Charlie Gasparino in the break and all the neighborhood is afterwards Charlie actually apply for me.
Please I am totally dissatisfied that report -- -- -- -- get it out.
