Sunday, July 12, 2009

The Fed hires Enron's lobbyist, and Goldman Sachs pulls the strings behind the curtain.

House Resolution 207, The Federal Reserve Transparency Act has 254 co-sponsors in the House. So the Fed, hired Enron lobbyist Linda Robertson, whose boss was former Goldman Sachs head, and ex Treasury Secretary Hank Paulson.

Now Goldman Sachs, JP Morgan and Morgan Stanley, bankrolled their own lobbyist effort, on behalf of the Securities Industry and Financial Markets Association, to put out advertisements showing that they are the good guys, and that this Transparency Act must be stopped.

After all, didn't Bernanke warn us of cataclysm circumstances if the Fed faced transparency? (See the video below). Nothing like transparency to get Bernanke's tightie whities in a bundle!

So why is Goldman spearheading this drive? Could it be because they and JP Morgan, and Morgan Stanley, just so happen to be stakeholders in the Federal Reserve?

So who is running the ad campaign?

The Brunswick group, led by Michele Davis, Hank Paulson's former spokesman, and Jim Wilkinson, Paulson's former Chief of Staff, located in the San Francisco office. And he's not that Jim Wilkinson, that poses in undergear, even though for all intensive purposes, he's carrying Paulson's jock!

Full story here.

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