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flyarm Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-26-10 12:14 AM
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7. This Fed Chief Brought to You by Enron

This Fed Chief Brought to You by Enron
By: emptywheel Monday January 25, 2010 7:59 am /

Just wanted to throw two tidbits into the debate on Ben Bernankes reconfirmation. First, this quote, which needs no explanation.

In the event that Bernanke isnt confirmed, several sources say, Federal Reserve Board Vice Chairman Donald Kohn likely would be elevated to acting chair of the U.S. central bank. Bernanke would be entitled to stay on the board until his term as a Fed governor expires in 2020, but the sources said Bernanke could instead return to a professorship at Princeton University.

Possible successors to Bernanke include three people currently advising Obama on the economy, former Fed chief Paul Volcker, Larry Summers and Christina Romer.

Kohn was traveling in Europe at the end of the week on Fed business, but strategy on the Bernanke confirmation was being led by former Enron lobbyist Linda Robertson, who is viewed as an effective advocate for the banking chief on Capitol Hill.

read the rest at the link

edit to add...

see the comments by :


JasonLeopold January 25th, 2010 at 10:40 am

Feb 22, 2001: Enron chairman Ken Lay and Enron lobbyist Linda Robertson met with energy task force executive director Andrew Lundquist to discuss energy policy.

April 17, 2001: Enron chairman Ken Lay and Enron lobbyist Linda Robertson met with Vice President Cheney for 30 minutes to discuss energy matters, including the California energy crisis.

April 20, 2001: Enron lobbyist Linda Robertson sent an e-mail to White House economic advisor Robert McNally.

May 23, 2001: White House economic advisor Robert McNally met with Enron lobbyists Linda Robertson and Richard Shapiro.
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  -Joan Walsh: Obama is "Dead wrong, or deeply cynical" - spending freeze now is "felony stupid" highplainsdem  Jan-25-10 11:58 PM   #0 
  - She's right  bridgit   Jan-26-10 12:00 AM   #1 
  - Let's take Bernstein at his word for a minute  rockymountaindem   Jan-26-10 12:01 AM   #2 
  - then why even do it?  ibegurpard   Jan-26-10 12:02 AM   #4 
     - Maybe we fool the enemies without incurring any real damage to programs that matter?  rockymountaindem   Jan-26-10 12:05 AM   #5 
  - Later on, way down the road, we'll find out that the Brown thing took  The_Casual_Observer   Jan-26-10 12:01 AM   #3 
  - Joe Wilson is doing vocal warmups right now.  Bolo Boffin   Jan-26-10 12:05 AM   #6 
  - What?  Change has come   Jan-26-10 02:28 AM   #11 
     - There are too many ways to make this look bad for Obama.  Bolo Boffin   Jan-26-10 03:21 PM   #13 
  - This Fed Chief Brought to You by Enron  flyarm   Jan-26-10 12:14 AM   #7 
  - Perhaps they made him an offer he could not refuse.  Ozymanithrax   Jan-26-10 01:52 AM   #8 
  - he has been dead wrong as far as the Real People in the USA ever since  truedelphi   Jan-26-10 02:04 AM   #9 
  - "the freeze" = = "change you can believe in"  amborin   Jan-26-10 02:10 AM   #10 
  - Agree -- !!  defendandprotect   Jan-26-10 02:50 AM   #12 

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