Bloomberg takes a hard look at the lobbying fight over financial regulatory overhaul and concludes that despite last week’s passage of a financial regulatory overhaul package by the House, the banks won — simply by not losing as…
WASHINGTON– Appearing before a House panel on Thursday, Treasury Secretary Tim Geithner made his best pitch for legislation granting the White House broad new powers to seize Wall Street firms when their collapse might torpedo others in the industry. It didn’t go so well.
As the Washington Independent noted on Wednesday, the U.S. House Financial Services Committee is in the midst of tackling financial regulatory reform, which has brought out the lobbyists in full force.
Here’s just a small taste of the…
A timely dispatch from our friends at PartyTime.org.
If you haven’t been under a rock lately, you know that the Bush Administration is proposing a $700 billion bailout for Wall Street. What you might not know is that there have been 258 parties this year alone for members of the House Financial Services Committee — the very folks who are making crucial decisions about this legislation — a number of them hosted by lobbyists for the finance, insurance, and real estate industries.
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