Bank Lobbyists

Simon Johnson: The Big Banks Fight On

The New York Times | SIMON JOHNSON | Posted 08.15.2011

Read More: Daniel K. Tarullo, Capital Standards, Dodd-Frank, Bank Lobby, Banks, Basel III, Federal Reserve, Swipe Fees, Shadow Banking, Simon Johnson, Bank Lobbyists, Debit Card Fees, Business News

The bank lobbyists have a problem. Last week, they lost a major battle on Capitol Hill, when Congress was not persuaded to suspend implementation of t...

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Big Banks Plan Sneak Attack on Wall Street Reform Law Within Days

Robert Creamer | Posted 05.25.2011

Read More: Duopoly, Wall Street Bonuses, Visa, Wall Street Reform Law, Middle Class, Debit Card Interchange Fees, Dick Durbin, War on the Middle Class, Non Competitive Prices, Wall Street Banks, Bank Lobbyists, Mastercard, Debit Card Swipe Fees, Business News

The financial sector does not make anything. Its goal is to take a little piece of every transaction as money flows through its hands, and in the coming days Wall Street will fight to continue this practice in its harshest form.

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Senators Back Delay In Crackdown On Fees That Yield Billions For Banks

HuffingtonPost.com | Zach Carter | Posted 05.25.2011

Read More: Price-Fixing, Community Banks, Senate Banking Committee, Federal Reserve, Debbie Wasserman Schultz, Business, Mortgage-Companies, Merchant Payments Coalition, Eric Cantor, Politics, Visa, Bank Lobby, Bob Corker, Spencer Bachus, Tester-Corker Bill, Subprime Loans, Michael Hunter, Financial Regulation, American Bankers Association, Dick Durbin, Credit Cards, Shelly Moore Capito, Bank Lobbyists, Mastercard, Wall Street, Consumer Federation of America, Consumer Financial Protection Bureau, Swipe Fees, Jon Tester, Debit Cards, US News, House Financial Services Committee, Politics News

WASHINGTON -- On Tuesday, a group of nine senators led by Montana Democrat Jon Tester put their names behind legislation to delay the Federal Reserve'...

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Vikram Pandit Has No Clothes

Simon Johnson | Posted 05.25.2011

Read More: Vikram Pandit, Banks, Bank Lobbyists, Lobbying, Citigroup, Business News

Vikram Pandit heads Citigroup, one of the world's largest and most powerful banks. He's a smart individual -- why then does he advance such obviously specious arguments? The answer is straightforward: he can get away with it.

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Backdoor Bailout, Tea Party Fakeout: The GOP's Secret $90 Billion Gift to Wall Street

Richard (RJ) Eskow | Posted 05.25.2011

Read More: John Cornyn, Tea Party, Mark Kirk, Bailouts, Backdoor Bailout, Sallie Mae, Dino Rossi, Tea Party Suckers, Bank Lobbyists, Student Loans, Republican Party, Bank Shills, Politics News

GOP candidates are making a point of running against "bailouts." Yet even as they rail about rescuing big banks, they're working on a plan that would slip those same banks an estimated $90 billion.

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Elizabeth Warren Meets With Bank Lobbyists

washingtonpost.com | Posted 05.25.2011

Read More: Elizabeth Warren, Capitol Hill, Richard Hunt, Bank Lobby, Michael S. Barr, Steve Bartlett, Independent-Community-Bankers-of-America, Justice Department, Bank Lobbyists, Financial Services Roundtable, Barack Obama, Credit Unions, Business News

Elizabeth Warren, a top candidate to lead the new Bureau of Consumer Financial Protection, met quietly last week with some of her sharpest critics: bi...

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SIMON JOHNSON The Bank Lobbyists Are Wrong: Why Higher Capital Standards Are Needed

New York Times | Simon Johnson | Posted 05.25.2011

Read More: Basel Committee, Capital Standards, Bank Lobbyists, Bank Lobby, Samuel Hanson, Institute of Internationl Finance, Treasury, Anil Kashyap, Simon Johnson, Jeremy Stein, Iif, Business News

At one level, the pursuit of higher and more robust capital requirements for banks is not going well. The United States Treasury insisted, throughout ...

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The Senate Should Debate "Too Big to Fail" On Live Television

Richard (RJ) Eskow | Posted 05.25.2011

Read More: SAFE Act, Brown/Kaufman SAFE Act, Bank Lobbyists, Financial Reform, Dick Durbin, Too Big to Fail, Politics News

It's always so much easier to cut deals in the backroom, isn't it? That way politicians don't have to be held accountable for their actions. The bank lobby is clearly frightened of the democratic process... and it should be.

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Financial Sector Lobbyists Push For Last Minute Bill Loopholes

AP | JIM KUHNHENN | Posted 05.25.2011

Read More: Campaign Donations, Financial Reform Bill, Car Dealerships, Financial Reform, Derivatives, Barney Frank, Wall Street Lobbyists, Insurance Lobbyists, Bank Lobbyists, Senate Agriculture Committee, House Financial Services Committee, Business News

WASHINGTON — In a rare defeat for President Barack Obama, the Senate on Monday called for auto dealers to be excluded from the regulations of a ...

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Financial Reform: Bank Lobby Gathers To Fight Dodd's Bill

washingtonpost.com | Brady Dennis and Steven Mufson | Posted 05.25.2011

Read More: Dodd Bill, Bank Lobby, Hedge Funds, John Boehner, Financial Reform, Federal Reserve, Chris Dodd, Dodd Financial Reform, Bank Lobbyists, Financial Regulation, Business News

The bankers soon headed to Capitol Hill, talking points in hand -- white folder for House visits, blue folder for Senate visits. They were to protest ...

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Summers Hits Boehner, Defends 'Little Punk Staffers'

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011

Read More: Summers Punk Staffers, Larry Summers, Gop Dodd Bill, Punk Staffers, John Boehner, Boehner Summers, Boehner Bank Lobbyists, Dodd Bill, Bank Lobbyists, Politics News

On Thursday, White House senior adviser Larry Summers came to the defense of "punk staffers" trying to write new financial regulatory reform legislati...

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The Taxpayer-Funded Cycle Of Moral Hazard

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011

Read More: Bailout, Lobbying, Lobbyists, Financial Crisis, Banking Reform, Bank Lobbyists, Lobbyblog, Tarp, Eat the Press, Business News

The obvious problem with the all-carrots-no-sticks approach to the bank bailout is that it's done a lot to strip risk and consequence out of the finan...

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Elizabeth Warren: It's Bank Lobbyists vs. American Families In Fight For Financial Reform

Posted 05.25.2011

Read More: Tarp, Goldman Sachs, Elizabeth Warren, Lobbying, Real Time With Bill Maher, Bank Lobbyists, Credit Cards, Bill Maher, Washington, Financial Crisis, Banks, Congressional Oversight Panel, Too Big to Fail, Wall Street, Political Humor, Business News

Elizabeth Warren appeared on "Real Time With Bill Maher" Friday evening to discuss financial reform. Warren, the chair of the Congressional Oversight...

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Melissa Bean: A Democrat Bankers Bank On

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011

Read More: Financial Regulatory Reform, Consumer Financial Protection Agency, Lobbyists, Cfpa, Preemption, New Democrats, Financial Services Industry, Bank Lobbyists, Melissa Bean, New Democrat Coalition, Lisa Madigan, Barney Frank, Politics News

Rep. Melissa Bean stands at the chokepoint of financial reform in the House of Representatives. The Democrat from suburban Chicago is only in her th...

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Watchdog's Fate In Senate Key To Financial Reform

Reuters | Posted 05.25.2011

Read More: Obama-Adminstration, Economy, Economic Crisis, Financial Crisis, Banks, Made on Wall Street, Bank Lobbyists, Financial Regulation, Politics News

The tag on U.S. financial regulation reform may as well say "Made on Wall Street" if bank lobbyists manage to gut the Obama administration's proposed ...

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Bank Lobbyists Launch 'Call To Action' To Crush Financial Reform (MEMO)

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011

Read More: Wall Street Lobbyists, Bank Lobbyists, ABA Lobbyists, American Bankers Association, Business News

The American Bankers Association issued a "Call to Action" on Wednesday, urging its lobbyists and member banks to make an all-out effort to crush regu...

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Citigroup Taxpayer Ownership Doesn't Prevent Lobbying

Bloomberg.com | Jonathan D. Salant and Lizzie O’Leary | Posted 05.25.2011

Read More: Citigroup Tarp, Tarp, Congress, Bailout, Consumer Protections, Lobbyists, President Obama, Bank Lobbyists, Bank Bailout, Lobbyblog, Citigroup Lobyists, Citigroup, Business News

Citigroup Inc., which has yet to repay $45 billion in federal assistance, has more lobbyists than any other company who registered to try to shape leg...

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Melissa Bean Helps Banks Gut Bill to Limit TARP Bonuses

Jane Hamsher | Posted 05.25.2011

Read More: Tarp, Goldman Sachs, Jim Himes, Adam Pase, Ellen Tauscher, Aig Bonuses, Timothy Geithner, New Democrat Coalition, Alan Grayson, Chamber of Commerce, Bank Lobbyists, Neal Cavuto, Melissa Bean, Melissa Bean AIG, Aig Bonus Tax Vote, Aig Bonus Tax, Bonus Outrage, Aig, Politics News

The New Democrats and the Blue Dogs made good on their threats to join with Republicans to block legislation that would limit the payment of TARP bonuses. Score one for the banks.

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