Yesterday, without naming the people, their political affiliations or their educational background, the government released a report concerning the electronic payment companies.
The immediate result was a $15 Billion dollar reduction in the value of the major companies in that business. Those major companies are a part of the critical infrastructure of the entire business payment system.
To top it all off, they are American companies, not Chinese or made somewhere else. $15 Billion dollars was taken out of the value of the institutional funds, pensions funds and other similar fund values.
Why are the people of the government not held accountable for, at the very least, their atrocious mishandling of the public relation aspects of their suggestions?
The whole idea that this is a release from the Federal Reserve is just plain wrong. This is a release written by some people who probably didn't think about the impact of their process on America's savings.
In theory, someone will be responsible to make up for the $15 Billion dollars, especially in the pension funds.
There's something wrong somewhere.
The immediate result was a $15 Billion dollar reduction in the value of the major companies in that business. Those major companies are a part of the critical infrastructure of the entire business payment system.
To top it all off, they are American companies, not Chinese or made somewhere else. $15 Billion dollars was taken out of the value of the institutional funds, pensions funds and other similar fund values.
Why are the people of the government not held accountable for, at the very least, their atrocious mishandling of the public relation aspects of their suggestions?
The whole idea that this is a release from the Federal Reserve is just plain wrong. This is a release written by some people who probably didn't think about the impact of their process on America's savings.
In theory, someone will be responsible to make up for the $15 Billion dollars, especially in the pension funds.
There's something wrong somewhere.
No comments:
Post a Comment