In relation to this previous article I posted, http://www.kastle.me/2009/05/27/9-trillion-missing-fed-are-morons/, the Fed (which is not a government entity), is getting scared since HR 1207 now has ~190 sponsors associated with it. IIRC, 212 is all we need.
Till then, the onslaught is going to come from the FED to lobby and buy congressmen (and women) to prevent this from happening and prevent them from being completely exposed.
Directly from Reuters News Service.
WASHINGTON (Reuters) – The U.S. Federal Reserve is on track to hire a veteran lobbyist to help manage its relations with Congress at a time of heightened attention to its role in national affairs, a source familiar with the situation said on Friday.
The Fed plans to hire Linda Robertson, who previously worked for now-defunct energy company Enron, as well as the Clinton administration.
She is currently head of government, community and public relations at The Johns Hopkins University in Baltimore, said the source, who spoke on condition of anonymity because the hiring process was not complete.
The Fed believes it will be useful to add to its resources at a time when there is great public and congressional interest in the institution, the source said. Read more …