Hack The Fed

America’s central bank has reportedly been attacked by hackers in response to Aaron Swartz’s persecution that led him to commit suicide. Anyone who has walked by a Federal Reserve facility knows they are fortresses.

The thousands of Phd’s they have hard at work, doing…well…other than growing their balance sheet I don’t know what they do (Writing white papers I guess), don’t want to be disturbed by common folk uninformed in the ways of economics and monetary theory.

Ironically, the Fed, which uses computers to create money out of nowhere, is prepared for a physical attack, but has its guard down in the cyber world.

Yahoo reports,

“The Federal Reserve system is aware that information was obtained by exploiting a temporary vulnerability in a website vendor product,” a Fed spokeswoman told Reuters. “Exposure was fixed shortly after discovery and is no longer an issue. This incident did not affect critical operations of the Federal Reserve system.”

This news follows reports on Sunday that Anonymous, an Internet-based activist group, penetrated the Fed’s security system and published stolen information on 4,000 U.S bank executives.

Aaron Task and Henry Blodget discuss this and are concerned.

“This is serious,” they say, because “someone might hack in and create money or make money disappear.”

Yeah, really, no one should be able to do that. Except professionals like Ben Bernanke, of course. One hundred years in the business of money creation proves they know what they’re doing.