The Fed Launches A Facebook Page... And The Result Is Not What It Had Expected

"While it is not exactly clear what public relations goals the privately-owned Fed (recall Bernanke's Former Advisor: "People Would Be Stunned To Know The Extent To Which The Fed Is Privately Owned") hoped to achieve by launching its first Facebook page last Thursday, the resultant outpouring of less than euphoric public reactions suggest this latest PR effort may have been wasted at best, and at worst backfired at a magnitude that matches JPM's infamous #AskJPM twitter gaffe."