BUSINESS
05/24/2013 08:33 am ET Updated Jul 24, 2013

Wall Street Just Writing Their Own Regulations Word For Word At This Point

WASHINGTON -- Bank lobbyists are not leaving it to lawmakers to draft legislation that softens financial regulations. Instead, the lobbyists are helping to write it themselves.

One bill that sailed through the House Financial Services Committee this month -- over the objections of the Treasury Department -- was essentially Citigroup's, according to e-mails reviewed by The New York Times.

Read more on The New York Times