Business of Fintech

Fed launches Facebook page, Hawaiian shirt insanity ensues

  • The Federal Reserve started a Facebook page: "Whats the worst that could happen?"
  • Then the worst happened.
close

Email a Friend

Fed launches Facebook page, Hawaiian shirt insanity ensues
When the Federal Reserve decided to start a Facebook page, I'm sure the thinking went something like: "Hey, we should be on social media, everyone else is. What's the worst that could happen?" And then the worst happened. The Fed obviously isn't familiar with the internet, and the golden rule that comes with it: If you try to own the internet, the internet owns (or pwns) you. Just like Josh Lyman of the West Wing discovering what happens when you try and take control of internet message boards, the Fed has seen its posts bombarded with trolling comments mocking its policies and outright questioning of the existence of the Federal Reserve. It's tough to get in touch with the Fed (is there an 800 number to call?), so users on Facebook have decided to vent their frustrations in the comment section of the Facebook page. Some of the comments are a little out there, and some even call for bringing down capitalism. But in between it all, we found some genuinely funny and spot on comments. For the record, I'm not a Facebook commentator; I'm just here to report on the craziness of the Federal Reserves Facebook page. So here are 9 of the funniest comments on the Fed's Facebook page.

The Fed's schedule

A few posts on the page give people an idea of what's on schedule this week for the Fed. Making up a troll-y comment to that is like shooting fish in a barrel. People came up with all sorts of weekly events, like manipulating markets and Pinky and the Brain references. But our two favorites had to do with Hawaiian shirts, George Soros, and getting back onto the gold standard. fed_schedule remarks_bt_fischer

The Fed's customer service

Like I said before, it's pretty tough to get in touch with the Fed. It's not like you can walk into the Federal Reserve and ask for a customer service representative. So users have taken to Facebook to ask questions of the Fed, like "Why does this FB page even exist?" and "When will you be releasing the audit of Ft. Knox?" Here are some of our other favorites: _35__board_of_governors_of_the_federal_reserve_system     frb__current_faqs_landing did_you_know_the_board_of_governors_loacted_in_dc

Janet Yellen

Running the Fed can't be easy, and as Chair of the Board of Governors of the Federal Reserve, Janet Yellen has taken the brunt of the satirical comments. Yellen is the figurehead of the Fed, and has been singled out by the comments section, dinging her with comparisons to a groundhog to referring to her as "the high priestess." _13__board_of_governors_of_the_federal_reserve_system inflation

Bitcoin

Ahh, it all comes full circle back to cryptocurrencies. Many Facebook commentators are happy with the Fed messing up, since that could lead to cryptocurrencies taking over, since obviously, there is no middle ground between where we are with the Fed and basing our economy on a digital asset that may or may not be controlled by China. But that discussion isn't for the Facebook comments section, so on with the bitcoin! blockchain_bonus

0 comments on “Fed launches Facebook page, Hawaiian shirt insanity ensues”

4 charts, Business of Fintech

Q3 fintech funding: Investors cut fewer deals and signed smaller checks

  • Facing a looming recession and uncertain macroeconomic conditions, fintech investors are more hesitant about signing large checks.
  • While fintech funding dropped to 2020 levels, the US continued to lead global funding share by a large margin.
Lindi Miti | November 22, 2022
Business of Fintech

How fintechs performed in Q3 2022: Nubank, SoFi, MoneyLion

  • The economic environment is tough but fintechs are doing well - NuBank, SoFi and MoneyLion reported growth in their customer base, revenues, and profits.
  • The industry is undergoing a shift from focusing on new customer acquisition to cross-selling and up-selling to existing users.
Subboh Jaffery | November 22, 2022
Business of Fintech, Sponsored

How to successfully pitch investors in today’s economy

  • As the fundraising environment continues to tighten, fintechs are challenged to make the most of every meeting and interaction with venture capital firms.
  • To successfully pitch investors, fintechs should prepare with a pitch deck, demo, research and questions.
CMFG Ventures | November 16, 2022
Business of Fintech

Tearsheet’s 2022 guide to Money 20/20

  • Money 20/20 is the industry's biggest and most influential event.
  • Here's what to look out for at this year's conference.
Tearsheet Editors | October 20, 2022
Business of Fintech, Member Exclusive

While the US fintech gets its act together after valuations tumble, is China leaping forward?

  • As the fintech industry expands in China, will the US stand out from the rest of its competitors?
  • The pandemic caused higher interest rates, lower valuations, and economic uncertainty – which has been cited as the reason behind the failure of fintechs – but maybe it is time to rethink that premise.
Sara Khairi | August 31, 2022
More Articles