BUSINESS
07/26/2009 05:12 am ET | Updated May 25, 2011

Wall St. Lobbyists Fight 'Populist Overreaction'

june 25 (Bloomberg) -- Wall Street's largest trade group has started a campaign to counter the "populist" backlash against bankers, enlisting two former aides to Treasury Secretary Henry Paulson to spearhead the effort.

In memos of confidential meetings with top financial executives, the Securities Industry and Financial Markets Association said it began this month the "execution phase" of the operation, which pledges to "embrace change" and accountability. The plan targets policy makers and the media in New York, London, Washington and Brussels and calls for a "city-by-city, grass roots" approach.

Get HuffPost Business On Facebook and Twitter!

Read more on bloomberg.com