PDA

View Full Version : The Fed Is Worried About Ron Paul




hugolp
06-06-2009, 10:45 AM
http://www.lewrockwell.com/blog/lewrw/archives/027097.html

The Fed Is Worried About Ron Paul
Posted by Lew Rockwell at June 6, 2009 07:40 AM

The central bank of the United States government--the Federal Reserve--thinks it needs a lobbyist, to work in Congress against Ron Paul. The Bloomberg story doesn't mention Ron, but instead interviews some ex-Fed hack in DC. But it is Ron Paul the Fed fears. What a great achievement of Ron's, to make what Andrew Jackson called "the Monster," the all-powerful, globe-dominating, special-interest funding. bankster-enabling, dollar-depreciating, business cycle-generating central bank worry about its image, for the first time since 1913. His presidential campaign alerted millions to the fact that we are being ripped-off by the Fed. His Audit the Fed bill (183 cosponsors!) scares the heck out of them. And wait until his End the Fed manifesto is published this summer! They'll need a whole corps of lobbyists, not that they will be able to protect what is in essence a criminal counterfeiting gang. (Thanks to Jacob Orlowitz)


http://www.bloomberg.com/apps/news?pid=20601103&sid=aZjQKyLci1AM&refer=us

Fed Intends to Hire Lobbyist in Campaign to Buttress Its Image
By Robert Schmidt

June 5 (Bloomberg) -- 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.

Robertson would help the Fed manage relations with lawmakers seeking greater oversight of a central bank that has used emergency powers to prevent Wall Street’s demise. While she wasn’t tied to Enron’s fraud, her association with the firm may raise questions, analysts said.

“Some members of Congress think there are votes in attacking the Fed” after it “unnecessarily and unwisely entangled monetary policy with fiscal policy,” said former St. Louis Fed President William Poole. “The Fed is going to have a tricky time of unwinding what has been done” and will need to “keep in touch with members of Congress more thoroughly,” said Poole, now senior fellow with the Cato Institute in Washington.

Robertson served under Treasury Secretaries Lawrence Summers, Robert Rubin and Lloyd Bentsen. She didn’t return calls seeking comment.

Summers Tie

Summers now heads the White House National Economic Council. Along with Treasury Secretary Timothy Geithner, he is leading Obama administration efforts to broaden the economic rescue and overhaul financial regulation. He has been mentioned as a possible successor to Fed Chairman Ben S. Bernanke should Bernanke not be renominated when his term ends in January.

Robertson is likely to start at the Fed in July and have the title of senior adviser to the Board of Governors, the people familiar with the situation said.

She was considered for a senior post under Geithner at the Treasury but ran up against the Obama administration’s restrictions on hiring lobbyists, the people said.

“People have been asking whether the Fed is capable of getting its job done right,” said Lynn Turner, a former chief accountant at the Securities and Exchange Commission. “Hiring a former lobbyist from Enron will surely make one wonder.”

Lawmaker Pressure

Robertson would confront a range of issues in the newly created position. Congress is looking to subject the Fed to more scrutiny, and some lawmakers have suggested that district bank presidents should be confirmed by the Senate.

Some legislators have also expressed opposition to the Obama administration’s attempt to make the Fed the regulator in charge of financial companies deemed too-big-to-fail.

In addition, the central bank has been become a target to some members of Congress who’ve posted online videos of their interrogations of Fed officials during public hearings.

One YouTube clip, of Florida Democratic Representative Alan Grayson’s grilling of Inspector General Elizabeth Coleman, has garnered almost 500,000 views in about a month.

Robertson is expected to advise the Fed on communications strategy, the people said. In recent months, Bernanke has pushed to make the traditionally secretive institution more open. He’s done a television interview with CBS’s “60 Minutes” program and taken questions from reporters at a National Press Club function in Washington.

According to her biography on the Johns Hopkins Web site, Robertson has spent more than 25 years working on federal legislative issues.

While Robertson’s Hopkins biography makes no mention of her work at Enron, federal disclosure documents show she joined the company in 2000 after working at the Treasury. Robertson, who signed some of the forms, said she lobbied on energy and tax issues.

Dr.3D
06-06-2009, 10:54 AM
Search is your friend. :)
http://www.ronpaulforums.com/showthread.php?t=194955
http://www.ronpaulforums.com/showthread.php?t=194928

Sandman33
06-06-2009, 01:29 PM
YES! Get your lobbyist to call attention to your crime syndicate...

LETS BLOW THIS MOTHERFUCKER WIDE OPEN!

Matt Collins
06-06-2009, 02:43 PM
I think Lew is overplaying this a bit, but yes, it is interesting that the Fed is hiring a lobbyist to help garner it's image. Obviously we're having SOME effect.

RSLudlum
06-06-2009, 02:46 PM
Maybe some more 'sign bombage' and guerilla campaign tactics are called for to counter their 'image rebranding' attempt? ;)

Objectivist
06-06-2009, 02:59 PM
YouTube - David vs. Goliath (http://www.youtube.com/watch?v=5vvdpcBTPA0)

hugolp
06-06-2009, 10:43 PM
Search is your friend. :)
http://www.ronpaulforums.com/showthread.php?t=194955
http://www.ronpaulforums.com/showthread.php?t=194928

Sorry. Ill check next time.

Derek Johnson
06-07-2009, 12:03 AM
YouTube - F**K The Fed (http://www.youtube.com/watch?v=-6Fpoebz2LE)