NYT’s Watkins may have had her own insurance policy, unredacted Page FISA images

It appears there is already a unredacted copy of the Carter Page FISA application sitting on a New York Times newsroom server courtesy of former Washington bureau reporter Ali Watkins, according to a recent report.

Watkins, 26, you may remember was the ex-Buzzfeed, ex-Huff-Po, ex-Politico reporter, who has admitted to having a three-year affair with James Wolfe, a high-ranking aide on the Senate Intelligence Committee. Wolfe, 58, was charged with lying to the FBI during its Intelligence committee leak probe

Ali Watkins

During this time Watkins was a finalist for a Pulitzer prize for her writing on the intelligence community.

As part of the leak probe Watkins, then working for the New York Times had her emails and other correspondences with Wolfe seized as part of the investigation.

Federal prosecutors have a very high bar to hurdle in order for a grand jury to subpoena a reporters phone and text messages, which the Intelligence leak probe accomplished. Watkins did not inform the Times of this subpoena until the paper was about to write about Wolfe being charged, some months later on advice from her lawyer.

As part of that investigation, it is alleged by the blog site The Conservative Treehouse, that Wolfe sent Watkins 82 images of the 83-page Page FISA application. One page was blank in the document.

Is this the reason Watkins was only reassigned by the Times after confessing to sleeping with a source?

Did the Times want to hold on to the images or was it as Executive Editor Dean Baquet said at the time, “I also believe that The Times must be a humane place that can allow for second chances when there are mitigating circumstances.”

The “mitigating circumstances” may very well be the unredacted FISA application images.

The second chance alluded to by Baquet  had many in the Times newsroom questioning why she would be kept on staff after admitting to such offenses.

However, Watkins is now writing about bees swarming a hot-dog cart in Times Square, which seems to me to be a stinging rebuke for her journalistic mistakes.

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Now the Fed joins the Pols on the sidelines in DC, stocks will soar

Fed chief Janet Yellen slammed on the brakes Wednesday when announcing a pause in rate hikes.

The move sent markets into a spasm for a brief moment as the VIX (or fear index) fell to its all-time lowest level and bond yields jerked higher before leveling off. Stocks had the most muted reaction moving slowly higher.

So now we have all of Washington on stand still as stocks will move higher. Nothing coming from Congress to worry equities and the Fed will not be able to raise rates again this year.

As far as paring back its balance sheet, we will see what happens there on Friday.

The feds will release the first look at Q2 GDP, which by most estimates will come in at 2% plus or minus a tenth of a point. This is not the growth Trump is looking for, but since none of his economic initiatives have been implemented or really discussed it’s just more of the same for the last eight years.

Since I’m a betting man, I believe the Q2 GDP will come in at 1.7% and be revised down in the coming months. There’s just no reason to believe that Americans are spending their meager salaries on anything but the essentials.

But let’s look at the latest White House/Russia/Election news story, which will be covered by the NY Times or Washington Post, and let the Dow, S&P and Nasdaq hit a new all-time high. Keep Trump on the defensive, bottle him up in a Cabinet pissing match, so the rest of America can continue to suffer from neglect.

No need for stimulus or middle class tax cut or infrastructure spending. No, keep Washington on the sidelines and Wall Street will reward the 1 percenters with higher returns.