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Late night document shredding at the Fed

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It’s unclear exactly why, but the Federal Reserve Bank of New York seems to have rented some paper shredders – really, really big paper shredders.

Last Thursday night around 7 PM I was in the Financial District walking down Maiden Lane when I heard a loud engine noise. As I crossed William Street and approached the Federal Reserve Bank of New York, I saw that the noise was coming from one of those giant document shredding trucks that was parked outside the Fed’s main delivery doors.

People are pretty suspicious of the Fed these days. Maybe next time they have a late-night document shredding session, they should consider hiring a document destruction company with a more discrete truck. You know, so it doesn’t look like they’re destroying evidence and all.

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