Federal Reserve tries theater ads to burnish its image
Spots urging shoppers to use their credit cards wisely will be shown on big screens in 12 U.S. cities. The central bank has long been accused of neglecting its consumer protection duties.
Reporting from Washington – The Federal Reserve isn’t too popular these days, what with its failure to predict or prevent the financial crisis and recession, not to mention its involvement in last year’s bailouts. Rep. Ron Paul (R-Texas) has a bestselling book out called “End the Fed,” and some lawmakers are looking to cut back the central bank’s power.
Related posts:
- Pimco and Goldman Sachs exit Federal Reserve mortgage bond program
- The Federal Reserve Sued by GATA
- Fed Made Taxpayers Junk-Bond Buyers Without Congress Knowing
- Former Chinese Central Bank Advisor Questions Geithner’s Math, Calls Federal Reserve Assets "Rubbish"
- Bill Black and The Federal Reserve’s War Against Effective Regulation