Reception
Senator Judd Gregg called the Paul-Grayson amendment "pandering to populism", saying the audit requirements would be detrimental to monetary policy. Gregg added that "It's great PR; you go home and beat up the Fed." Within five months of leaving the U.S. Senate in January 2011, Gregg was hired as an international advisor to the investment banking firm Goldman Sachs. He was subsequently hired as Chief Executive Officer of the Securities Industry Financial Markets Association (SIFMA), a prominent securities industry trade group.
Read more about this topic: Federal Reserve Transparency Act
Famous quotes containing the word reception:
“Satire is a sort of glass, wherein beholders do generally discover everybody’s face but their own; which is the chief reason for that kind of reception it meets in the world, and that so very few are offended with it.”
—Jonathan Swift (1667–1745)
“To aim to convert a man by miracles is a profanation of the soul. A true conversion, a true Christ, is now, as always, to be made by the reception of beautiful sentiments.”
—Ralph Waldo Emerson (1803–1882)
“But in the reception of metaphysical formula, all depends, as regards their actual and ulterior result, on the pre-existent qualities of that soil of human nature into which they fall—the company they find already present there, on their admission into the house of thought.”
—Walter Pater (1839–1894)