(PCM) The U.S. Federal Reserve recently made the decision to start up an official Facebook page to keep people abreast of news and educational content. That idea backfired rather quickly when the page became overrun with critical and sarcastic commentary and general internet trolling.
The page has racked up over 14,000 Likes, however that has not stopped individuals from throwing in their two cents about how they feel the Federal Reserve is a useless institution and criticizing many of it’s practices and policies. One woman commented “Tell me more about the private meeting on Jekyll island and the plans for public prosperity that some of the worlds richest and most powerful bankers made in secret, please!”
Another person commented “Can you guys please help me get some of that QE? I’m trying to buy 16 cars, 4 houses, 2 jets and a yacht,” one commenter wrote. “I swear it will stimulate the economy. I’ll spend it all and cycle it back. I know velocity needs to pick up so I’ll make sure to pay lots of models to live in my houses and travel with me. Thanks Fed! You are such a moral and upstanding institution!”
The administrators of the Federal Reserve Facebook page claim they are reading all comments and they plan to address the concerns with additional postings. The reason the Federal Reserve started a Facebook page in the first place was part of a plan to emphasize “enhancing communications via the board’s website and other external channels,” including existing Twitter, Flickr and LinkedIn pages.
We will see how long it lasts because from what we see there is a whole lot of negativity going on, on that page!