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Fed retreat bad example

Sat., Sept. 5, 2009

The Spokesman-Review

Does anyone else find it hypocritical or, at the very least wasteful, that the Federal Reserve chairman held the annual Fed conference in Jackson (read as “Jackson Hole”), Wyo.? This after the government laid down the law and slapped wrists of several of the bailed-out companies for holding conferences at posh resorts.

If I remember correctly, the government has several really nice buildings in Washington, D.C., that would have served the purpose nicely. What did this boondoggle cost the taxpayer? I’m sure they all had a lovely time. Maybe even Dick Cheney was able to find the time to drop in from the ranch. Seems like the fox may, in fact, be in charge of the henhouse.

Jerry Daniels

Spokane Valley

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