When Central Bankers Whisper Secrets

You'd think institutions facing scrutiny would aim to plug leaks, right? Wrong.

It's easy when you know something the other guy doesn't.

Photographer: Carl Court/Getty Images

At a time when the U.S. Federal Reserve is being probed for leaking information to investment firm Medley Global Advisors, you'd think central banks worldwide would want their interactions with market players to be as impeccable and unimpeachable as possible. To its shame, the European Central Bank seems to have no such ambitions.

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