> The Federal Reserve announced sweeping new rules for its top officials Thursday, banning trading in individual stocks and bonds.
The top officials of the Fed. not congress people.
The comments thread here is making me wonder if all HN comment threads are made up mostly of posters who haven't read beyond the headline.
For better or worse, the title and the link is just a discussion prompt. The guidelines all but state that you're not expected to read it before commenting:
> https://news.ycombinator.com/newsguidelines.html
> Please don't comment on whether someone read an article. "Did you even read the article? It mentions that" can be shortened to "The article mentions that."
In this case, someone should probably edit the title.
No, noting that accusations of not reading the article are never positive contributions to the discussion is not even in the neighborhood of advocating not reading the article.
You can even point out that the article addresses a concern, as that is a useful contribution to the discussion.
That depends on whether you believe that accusations of not reading the article tend to cause people to read the articles.
No, what it is fairly charcsterized as it was upthread does not depend on that.
Whether you agree that it is generally good advice might depend on that, or more generally what the net effect of tolerating such accusations is on the tone and tenor of discussions.
Having experienced online discussions in many fora since the 1980s, I tend to agree that accusations of not reading doing more harm than good, like most collateral attacks on presumed motive, background, or other reasons for a post you disagree with rather than addressing and supporting the substance of the disagreement directly.
In startup parlance the fed is the rising tide.
It’s board of governors are employees of the govt.
Similar to most major corporations the “ownership” is highly nuanced. It’s roughly equivalent to three share classes, the govt has the shares that pay dividends and most of the voting shares. Chartered banks hold some shares that have some voting rights, roughly equivalent to holding shares in a credit union.
In some ways it’s a trust. As the beneficiary is the govt but it appoints a trustee and officially doesn’t own it.
Defacto it’s owned and operated lock stock and barrel by the govt.