The hacker group known as "Anonymous" has announced it successfully penetrated multiple systems within the federal reserve bank, and successfully downloaded two crucial files: One showing an account number and the stocks owned by that account number, the other showing an account number and the name of the owner of that account. Without having BOTH files, no one could ever tell who owned what. Anonymous claims they stole BOTH files!
Anonymous says the federal reserve bank owns more than fifty percent of the stock in quite a few major US Corporations! If the fed had not purchased these vast quantities of stocks (Think Dow Jones Industrials (DJIA) and the S&P 500) both markets would have crashed long ago!
Even worse, the group claims that the US federal reserve also purchased stocks in foreign companies and foreign banks in such vast quantities as to prop-up European and Asian markets!!!!
The hacker group says they are planning to release the two files via WikiLeaks or to the Internet through a third-party anonymous site (like pastebin) in the near future, to show all the details.
If this turns out to be true, and the US Federal Reserve has been manufacturing cash out of thin air to buy stocks and prop-up the markets, someone will have an awful lot of explaining to do; like who authorized this and where did the money come from to do it?
The effect this revelation may have on the stock market would be catastrophic. If it turns out that the DJIA and S&P500 are fraudulent -- totally propped-up by fed money -- then stockholders will realize their stocks in those companies/markets are actually worthless and dump them before the fed does! Instant market crash!