Monday, October 20, 2008

An almost legitimate conspiracy theory?

New York Fed to Discontinue Publication of its Weekly Statement of Condition - Federal Reserve Bank of New York
October 16, 2008 The Federal Reserve Bank of New York will cease publication of its weekly Statement of Condition with the October 30, 2008 release. The information will continue to be available on the Board of Governors’ Statistical Release H.4.1 Factors Affecting Reserve Balances, Table 5 Statement of Condition of Each Federal Reserve Bank. The H.4.1 is released each Thursday, generally at 4:30 p.m. ET. Contact: Public Affairs (212) 720-6130 (646) 720-6130
Uh huh. Sure. Just when the economy is at its worst in something like 30 years and the Federal Reserve and Federal Government have proposed the most socialistic policies ever devised on U.S. soil, the Fed ceases publishing its traditional weekly report. Riiiiight.