Quasi-governmental abominations can do whatever the hell they want.

Why shouldn't the Fed have retreats? It's not like their in any trouble, right?

Geez, aren't the right-wingers always saying government should be run like a business?

Oh, I get it...this is one of those "do as I say, not as I do" double standards.

Federal Reserve =/= Department of the Treasury.

/don't get me all economic on you
//no one will listen to me, anyway, as I'm an idiot

In before the "Obama appointed Bernake and it's all his fault." wharrgarbl

Procedural Texture: Geez, aren't the right-wingers always saying government should be run like a business?

Oh, I get it...this is one of those "do as I say, not as I do" double standards.

I remember executives being admonished by democrats for trips to Las Vegas, I believe it was, just a few months ago.

So I guess this is one of those "do as I say, not as I do" double standards. Oh wait, we're in "recovery" now so maybe it's okay.

Whatever. I didn't know having a "D" next to a politician's name equated to an automatic halo. There are plenty of democrats who qualify as pompous, self-righteous blowhards just as well as republicans.

FTFA: "Earlier this month, the San Francisco Fed held a conference on Asia at the Bacara Resort & Spa near Santa Barbara, a resort where rooms can range from $250-$400 and suites from $800 to $2,000. "

Do people think those execs who flew in on private jets are staying somewhere thats only "$250-$400 [for a room] and suites from $800 to $2,000"?

There are plenty of democrats who qualify as pompous, self-righteous blowhards just as well as republicans.

..

...

Most all of them?
They're all weasels, comes with the job.
Do I win a prize?!?

Maybe we should like.....I dunno....audit them or something.

Akito12345: Maybe we should like.....I dunno....audit them or something.

I hope you don't engage in recreational flying. Or ride in motor vehicles. Or have any particularly sharp objects in your house that you could trip and repeatedly fall on.

I think you mean drive a motor vehicle. But yeah I do a lot of recreational flying...on your mom! (snap dog! snap!)

Occam's Chainsaw: Akito12345: Maybe we should like.....I dunno....audit them or something.

I hope you don't engage in recreational flying. Or ride in motor vehicles. Or have any particularly sharp objects in your house that you could trip and repeatedly fall on.

Nah, Ted Kennedy is dead and John McCain is in politics now, cars and planes are safe again.

Next thing you know, executives and government run financial institutions will be getting huge bonuses.

Occam's Chainsaw: Akito12345: Maybe we should like.....I dunno....audit them or something.

I hope you don't engage in recreational flying. Or ride in motor vehicles. Or have any particularly sharp objects in your house that you could trip and repeatedly fall on.

Or own a swimming pool. Just in case you have a "heart attack" near it

johnsoninca: Why shouldn't the Fed have retreats? It's not like their there in any trouble, right?

sorry, pet peeve

Razorwolf: johnsoninca: Why shouldn't the Fed have retreats? It's not like their there in any trouble, right?

sorry, pet peeve

actually, its they're

$300/night is hardly an expensive luxury retreat.

I am certainly not defending the fed, but this type of reporting really aggravates me, and it has been happening more and more lately.

At the top of the story, which everyone will read: a resort where rooms can range from $250-$400 and suites from $800 to $2,000.....
an inn where regular rooms go for about $320 a night and suites up to $1,860 a night.

Buried near the bottom of page 1: The event's attendees were given a discounted rate of $300 a night - they had to pay for the cost of conference fees and their rooms.

Typical media. Sensationalize first, tell the actual story later.

FTFA: A source familiar with the Kansas City Fed conference noted that the organizers make sure to recover all of the costs of the event with attendees paying their own way.

Um, what's the issue again? Oh, bad reporting. This was a case study for stupid reporters, right?

Judges under fire for remaining free while incarcerating criminals!

Yes, of COURSE bad reporting. Also, the companies America had to BAIL OUT. The Fed did the bailing. I see a small difference there.

Dancin_In_Anson: Next thing you know, executives and government run financial institutions will be getting huge bonuses.

i see comrade DiA is back with his usual red propaganda. just can't stand that some folks get rewarded for hard work, can you, DiA!

Ha! Same shiat happens all over the world. In this country, the labor laws are pretty harsh on employers that deny workers a "steady" contract and opt for other, less secure forms of employment for the worker. The biggest offender in this matter? The government! Surprise... not!

Procedural Texture: Geez, aren't the right-wingers always saying government should be run like a business?

Oh, I get it...this is one of those "do as I say, not as I do" double standards.

Way to go on misunderstand analogies.

Failing_Junk: Quasi-governmental completely private and appointed by the government abominations can do whatever the hell they want.

I would want to know those that own it, though I'd likely die of unfortunate circumstance before I got too close.

Ozarkhawk: Razorwolf: johnsoninca: Why shouldn't the Fed have retreats? It's not like their there in any trouble, right?

sorry, pet peeve

actually, its they're

Actually, it's it's.

Sorry, pet peave.

Procedural Texture: Geez, aren't the right-wingers always saying government should be run like a business?

Oh, I get it...this is one of those "do as I say do, not as I do do" double standards.

there. fixed it.

FlashHarry: i see comrade DiA is back with his usual red propaganda. just can't stand that some folks get rewarded for hard work, can you, DiA!

I think it's great. But don't tell me that you don't think the folks at Citi or BoA should be getting pay cuts at the behest of the "pay czar" while ignoring the fact that the government is doing the same thing.

ne2d: Ozarkhawk: Razorwolf: johnsoninca: Why shouldn't the Fed have retreats? It's not like their there in any trouble, right?

sorry, pet peeve

actually, its they're

Actually, it's it's.

Sorry, pet peave.


It's...

Bruce Campbell: I would want to know those that own it, though I'd likely die of unfortunate circumstance before I got too close.

Forget your owners, go amuse yourself with something meaningless like economics or politics.

All bank and/or federal government conferences from now on should be mandated to be held in either downtown Detroit, Buffalo or Atlanta or next to their airports.

/doubts 8-mile has the necessary facilities

hmmmmmmm, Im sure this is highly unusual and would normally never happen...



and yeah, I know... the whole pot-kettle-black thing...



get over it.

ne2d: Actually, it's it's.

Sorry, pet peave.

Actually; it's peeve.

Sorry, pet peeve.

jfsimpson: ne2d: Actually, it's it's.

Sorry, pet peave.

Actually; it's peeve.

Sorry Sawry, pet peeve.

FTFY

/pot poove

Oh, and the reason most people are upset with the bailed out companies taking expensive executive retreats isn't misplaced class-related hostility. It's that they're on the government teat, and should be spending taxpayer dollars more wisely.

As soon as the Fed needs bailing out, then I'll be angry.

Also, the Fed is not a government-run agency. It's a private bank with a Congressionally-granted monopoly over national monetary banking policy.

Thanks for Deregulating the Airline and Banking Industries, Ronnie! you're Swell!

Happy Halloween!

Dancin_In_Anson: But don't tell me that you don't think the folks at Citi or BoA should be getting pay cuts at the behest of the "pay czar" while ignoring the fact that the government is doing the same thing.

Yeah, God forbid he realign their comp to be more in line with prevailing market conditions. We get it: You're angry. Now, can you show me either where these conferences are in contrast to others the SF or Boston Fed have hosted over the years, or that they cost their respective organizations a dime?

NeauxFear: jfsimpson: ne2d: Actually, it's it's.

Sorry, pet peave.

Actually; it's Tits peeve.

Sorry Sawry, pet peeve.

FTFY

/pot poove

//tits.

has anyone mentioned that the federal reserve is a collection of privately owned companies and that they didn't use any tarp money?

barefootmarco: has anyone mentioned that the federal reserve is a collection of privately owned companies and that they didn't use any tarp money?

Not much of a need to use TARP money when you own the printing press.

ForeRight: barefootmarco: has anyone mentioned that the federal reserve is a collection of privately owned companies and that they didn't use any tarp money?

Not much of a need to use TARP money when you own the printing press.

We both know thats a gross oversimplification.

We need a hypocrite tag!

"Do as I say, not as I take long work time vacations"

Linux_Yes: Thanks for Deregulating the Airline and Banking Industries, Ronnie! you're Swell!

Happy Halloween!

i know affordable plane tickets really piss me off too

sparkmysmeg: Forget your owners, go amuse yourself with something meaningless like economics or politics.

I'd just like to know to whom I owe my fealty.

Federal Reserve under fire for taking corporate retreats while admonishing the companies they regulate for doing the same thing

I wasn't aware the Fed had regulatory authority.

Clarence Potter: Yeah, God forbid he realign their comp to be more in line with prevailing market conditions

What the hell does the government know about "prevailing market conditions"?

Meh. Why am I supposed to be outraged again?

Oh right, the Fed. Ron Paul, GOLD, and so on.

I dunno, is the federal reserve begging acting like an alkie hobo who keeps spending his food money on alcohol and then goes out on the street begging for more?
If so then I guess I'm a little upset, if not, well then I think the corporations should shut up.

So they are getting a good discount...and members are paying for themselves.

I see nothing wrong here.