Facebook Drops $20mm Donation On Hillary To Defeat Trump’s “Fear And Hostility” Campaign
by Tyler Durden
ZeroHedge.com
Sep 9, 2016
A few weeks back we noted how Bullard had questioned the intentions of ex-Facebook founder Dustin Moskovitz in funding the Center for Popular Democracy’s Fed Up campaign (see “Why Is Facebook Funding “Anti-Fed” Activists”). The “Fed Up” group has mounted an aggressive effort to convince the Fed to keep rates ultra low noting they favor central banking policies that “are aimed at making sure lower income households and minorities share in the recovery to the same degree as the well off.”
Ironically, Moskovitz, and his inflated FaceBook shares, are among the key beneficiaries of “ultra low rates” and not so much the poor and struggling people of this country. A fact that was not lost on St. Louis Fed president James Bullard. Per our previous post:
When it comes to Fed Up, “it’s Facebook money,” Bullard said. “I think it’s kind of a funny thing for them to fund because they want low interest rates in an era where we are awash in low interest rates, so it’s kind of crazy, isn’t it?”
“I think that Dustin Moskovitz should be here, maybe he can helicopter in from Sun Valley or something instead of sending all these people, if he wants low interest rates. He could just come and argue about it,” Mr. Bullard said.
The Rest…HERE
