Wall Street Bank Lobby Faces 'Live Ammo' As Lawmakers Ponder Breaking Up Big Banks

03/18/2010 05:12 am ET | Updated May 25, 2011
  • Alison Vekshin and Robert Schmidt bloomberg.com

Nov. 12 (Bloomberg) -- Seven Wall Street lobbyists trooped to Capitol Hill on Nov. 9, hoping to convince Representative Paul Kanjorski's staff that his plan to dismantle large financial firms was a bad idea.

They walked out with a sobering conclusion, according to the accounts of two attendees who requested anonymity because the meeting was private. Not only was Kanjorski serious, he planned to offer the legislation as early as next week -- and it just might pass.

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