re: #198 000G

Poor investors and banks, they must be protected from panic with all the security through obscurity we can allow them!

I wonder if the Fed realizing that a lot of the public these days thinks this is bs is the reason for their recent policy change of doing a lot more public relations work (like Bernanke’s press conferences).

It’s a practical policy with good reason. It’s nothing new and nothing outrageous. The Fed is a weird entity which a lot of people don’t understand, makes for a convenient scape goat. There’s a lot of serious discussion about fed policies but confidential emergency loans serve a very real purpose.