Fed Intends to Hire Lobbyist to Save Image

[Kevin_Kennedy]

The Federal Reserve intends to hire a veteran lobbyist as it seeks to counter skepticism in Congress about the central bank’s growing power over the U.S. financial system, people familiar with the matter said.

Linda Robertson currently handles government, community and public affairs at Johns Hopkins University in Baltimore, and headed the Washington lobbying office of Enron Corp., the energy trading company that collapsed in 2002 after an accounting scandal. She was also an adviser to all three of the Clinton administration’s Treasury secretaries.

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.

 

[dilloduck]

The Federal Reserve intends to hire a veteran lobbyist as it seeks to counter skepticism in Congress about the central bank’s growing power over the U.S. financial system, people familiar with the matter said.

Linda Robertson currently handles government, community and public affairs at Johns Hopkins University in Baltimore, and headed the Washington lobbying office of Enron Corp., the energy trading company that collapsed in 2002 after an accounting scandal. She was also an adviser to all three of the Clinton administration’s Treasury secretaries.

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.

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

 

[Kevin_Kennedy]

The Federal Reserve intends to hire a veteran lobbyist as it seeks to counter skepticism in Congress about the central bank’s growing power over the U.S. financial system, people familiar with the matter said.

Linda Robertson currently handles government, community and public affairs at Johns Hopkins University in Baltimore, and headed the Washington lobbying office of Enron Corp., the energy trading company that collapsed in 2002 after an accounting scandal. She was also an adviser to all three of the Clinton administration’s Treasury secretaries.

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.

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

Maybe not, but more people than ever understand that there is something wrong with the Fed.

 

[Oddball]

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.

 

[dilloduck]

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.

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

Maybe not, but more people than ever understand that there is something wrong with the Fed.

It's something to hope for i guess----is this Obama's promise ?

 

[sealybobo]

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.

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

Maybe not, but more people than ever understand that there is something wrong with the Fed.

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

 

[Kevin_Kennedy]

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

Maybe not, but more people than ever understand that there is something wrong with the Fed.

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

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.

 

[sealybobo]

Maybe not, but more people than ever understand that there is something wrong with the Fed.

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

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.

We have found common ground!!!