CNBC incorrectly reported on March 11, 2022 that the NYFed’s assets totaled $8M, which is a MILLION TIMES LESS than its actual holdings, which was really a staggering $8 TRILLION. Steve Liesman did not bother to correct this, nor did he say the word trillion.

Some possible reasons for such an error, none of which are good:
1. CNBC is incompetent and they actually think the Fed only holds $8M in assets
2. Steve Liesman is incompetent and thinks the Fed only owns $8M in assets
3. The CNBC chart guy thought it was already in millions, lol
4. Credible and reliable financial journalism has been dead for a long time
5. CNBC has an active interest in defrauding the public
6. The units were purposely omitted because the average public might wake up if the chart accurately said $8T, while paired with “Is the Fed doing a shitty job?”

Pic related my tv
Update amount to $6.5 Trillion

Steve Liesman's voice is like nails on a chalk board

CNBC incorrectly reported on March 11, 2022 that the NYFed’s assets totaled $8M, which is a MILLION TIMES LESS than its actual holdings, which was really a staggering $8 TRILLION. Steve Liesman did not bother to correct this, nor did he say the word trillion.

Some possible reasons for such an error, none of which are good:
1. CNBC is incompetent and they actually think the Fed only holds $8M in assets
2. Steve Liesman is incompetent and thinks the Fed only owns $8M in assets
3. The CNBC chart guy thought it was already in millions, lol
4. Credible and reliable financial journalism has been dead for a long time
5. CNBC has an active interest in defrauding the public
6. The units were purposely omitted because the average public might wake up if the chart accurately said $8T, while paired with “Is the Fed doing a shitty job?”

Pic related my tv
Update amount to $6.3 Trillion