When you are on track to spend a few trillion dollars, communication is everything. People have to feel they are getting something for their hard earned money. That progress is being made. It’s like the big, red thermometer with dollars on the side during the charity drive. Progress. See?
So the Federal Reserve is sort of getting the idea that, along with its move to become the largest, most unwieldy spender of cash in the known universe, that it needs its own cable channel. FedTV or suchlike. Of course, it’s just starting with press conferences.
Officials at the U.S. Federal Reserve have discussed holding regular press briefings to help improve public understanding of unusual actions by the Fed in times of crisis, a Fed official said on Tuesday.
Press conferences have been weighed among other ideas, the official said. The Fed has sought during recent upheaval to explain its actions to a broader public, the official said, citing Chairman Ben Bernanke’s recent television interview and willingness to take questions from reporters after a speech.
We always happy to hear from The Beard, and certainly he’s less obscure than Greenspan (Greenspan TV might as well have been dubbed in Farsi) but we wonder if anything can “help improve public understanding of unusual actions by the Fed in times of crisis.” (Like that’s possible). Are we just being crotchety? Maybe “Real Life: I Work At The Fed” or perhaps “Real World: D.C.” is the next big thing? We are just waiting for the scene where Tim and The Beard see the house in D.C. for the first time. Who will turn out to be the alcoholic in the house? Who will admit they are gay in the first 48 hours? Who is the house slut? Tell us, do!
Fed weighs news conferences in tranparency push [Reuters]
Does this mean that Bernanke will start giving away Ipods with his speeches loaded on them like Mr. Obama?
Synopsis: Episode 13
After convening in a hot tub, Tim and Ben chat about girls, astronomy, and life after “the Fed.” After experimenting with opium, both begin opining on the signifigance of the pyramid branded on U.S. currency. Ben swears it has to do with freemasons, while Tim “walks like an egyptian” across the living room carpet. Neal bursts through the front door, hysterically crying. Something’s wrong. Something’s very wrong. He’s contracted a venerial disease: Tyrannical Anal Leverage Fatigue (“TALF”). Ben and Tim rush to assuage his obvious pains, both tripping over one another promising to travel along his side to a physicians office in the morning. Greenspan enters stage right, calling all three “pussies.” He says one of the three will be returning home: the individual will be whomever is last to tap Cambodian breast milk from the Bronx.
[Commercial Break]
“v-e-n-e-r-e-a-l”…..uh, so I’ve been told.
“Posted by guest, Apr 15, 2009 10:57AM
EP, do you mean Real World?”
Who can keep it all straight? You are correct, of course.
Support HR 1207
H.R.1207
Title: To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.
AUDIT. THE. FED.
media totally missing/not covering the Tea Party. unbelievable how socialist our country is getting and the media just follow along. very scary people!!
Sheila Bair comes out right away as the house lesbian…and author of children’s books.
FT beats the Journal
even at 2 squid
Caption: “Oh, that crazy Marmaduke! What **won’t** he do for pie?”
@5 thank you for making my day
I meant @3 thank you for making my day. Well, with mark-to-market off the table, who needs to count anymore anyway?