BUSINESS
07/01/2009 05:12 am ET | Updated May 25, 2011

How The Banks Plotted To Fight Off Regulatory Overhaul

As the financial crisis entered one of its darkest phases in October, a handful of the nation's largest banks began holding daily telephone sessions. Murmurs were already emanating from Washington about the need for a wide-ranging regulatory overhaul, and Wall Street executives girded for a fight.

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