Fed Intends to Hire Lobbyist to Save Image

Discussion in 'Economy' started by Kevin_Kennedy, Jun 7, 2009.

  1. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Fed Intends to Hire Lobbyist in Campaign to Buttress Its Image - Bloomberg.com

    Thankfully the Federal Reserve is now being criticized on a scale not seen probably since its inception, so much so that they need an image consultant to make them look better to legislators. It means they're worried, and they should be. We're getting close to getting a serious audit, and more people recognize the detrimental effect they have on our economy.
     
  2. dilloduck
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    dilloduck Diamond Member

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    amazing fear----90% of Americans prolly dont even know what the Fed is.
     
  3. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Maybe not, but more people than ever understand that there is something wrong with the Fed.
     
  4. Oddball
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    Oddball BANNED Supporting Member

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    Lobby congress!?!?!?!???

    If I were those crooks, I'd be more worried about the common man, whom they've been bilking for nearly a century.
     
  5. dilloduck
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    dilloduck Diamond Member

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    It's something to hope for i guess----is this Obama's promise ? :lol:
     
  6. sealybobo
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    sealybobo Diamond Member

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    Wanted to make sure you saw this Kevin:

    The fed cannot account for the whereabouts of $9 trillion worth of off-balance sheet transactions over the course of the past eight months. Nor can it explain the $1 trillion expansion of the Fed’s balance sheet since last September.
    When pressed by Rep. Alan Grayson (D-FL), Coleman said she could not provide any information on those investigations and claimed that she had no authority to look into the practices of the Fed. Instead she said, her job was simply to oversee the Federal Reserve’s Board of Governors. She reiterated that statement in an email to Bloomberg News, who originally broke the story of the gaping holes in the Fed’s balance sheet.
    “By law, we are the Office of Inspector General for the Board of Governors only,” the statement said. “Consistent with our authority, we cannot conduct a direct audit of Reserve Bank operations.”
    One Penny Sheet » Federal Reserve Cannot Account for $9 Trillion video
     
  7. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Yes, I've seen it. Just another reason why we need an in-depth audit of the Fed, and then to simply shut them down completely. If they can't account for what they've done with our money then they've outlived their usefulness, if they ever had any. Which I doubt.
     
  8. sealybobo
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    sealybobo Diamond Member

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    :clap2:

    We have found common ground!!!
     

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