Bank Lobby

Disempowered Bankers Start Super PAC, Reveal Plans for World Domination

Blair Bowie | Posted 04.09.2012

Read More: Super Pac, Colbert Super Pac, U.S. PIRG, Bank Lobby, Lobbyists, American Bankers Association, Politics News
Blair Bowie

When is Packard imagining himself having this conversation and what will he be asking for to call off the hounds? This statement speaks volumes about how the industry thinks about its involvement in politics.

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While Jamie Dimon Gently Weeps, Another "Big Stick" Bank Attack on Democracy

Richard (RJ) Eskow | Posted 04.05.2012

Read More: JPMorgan Chase, Friends of Traditional Banking, Bank Lobby, Jamie Dimon, Politics News
Richard (RJ) Eskow

The new SuperPAC is meant to consolidate the bankers' stranglehold over our politics and our lives.

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Former Treasury Counselor Could Move To Goldman Sachs

The Huffington Post | Alexander Eichler | Posted 02.01.2012

Read More: Goldman Sachs, Treasury Department, Video, Bank Lobby, Wall Street, Lobbying, Rahm Emanuel, Lobbyists, Revolving Door, Wall Street Lobbyists, Bill Daley, Timothy Geithner, Richard Siewert, Jack Lew, Big Banks, Business News

The revolving door between Wall Street and Washington is about to turn once more. Richard Siewart, onetime counselor to Treasury Secretary Timothy...

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Dan Froomkin

Auction 2012: How The Bank Lobby Owns Washington

HuffingtonPost.com | Dan Froomkin | Posted 01.30.2012

Read More: Financial Services, Auction 2012, Lobbying, Lobbyists, ATM Fees, Tom Harkin, Dick Durbin, Credit Card Rates, Bernie Sanders, Big Banks, Cramdown, Video, Sheldon Whitehouse, Bank Lobby, Banks, Financial Crisis, American Bankers Association, Brad Miller, Politics News

Auction 2012 is a weeklong series in collaboration with "The Dylan Ratigan Show" and United Republic. When Washington puts policy on the auction bl...

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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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Elizabeth Warren's Opponents Don't Like Her Because She's A Woman, Congressman Says

AP | ALAN FRAM | Posted 08.02.2011

Read More: Elizabeth Warren, Chamber of Commerce, Bank Lobby, Elizabeth Warren Cfpb, Elizabeth Warren Opposition, Barney Frank, Barney Frank Elizabeth Warren, Politics News

WASHINGTON -- A leading House Democrat said Thursday that some opposition to making Elizabeth Warren head of the new Consumer Financial Protection Bur...

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Zach Carter

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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Zach Carter

Bank Lobby Splinters On CFPB Ahead Of Director Confirmation Deadline

HuffingtonPost.com | Zach Carter | Posted 05.25.2011

Read More: Foreclosures, Elizabeth Warren, Foreclosure Crisis, Aba, Icba, Community Banks, Financial Reform, Bachus, Wall Street Reform, Mortgage Crisis, Regulation, Obama, Cuna, Supbrime, Warren, Wall Street, Bank Lobby, Consumer Financial Protection Bureau, Cfpb, Banks, Gop, Foreclosure, Spencer Bachus, Credit Unions, Republicans, Politics News

WASHINGTON -- A rift is emerging among bank lobbyists over the new Consumer Financial Protection Bureau as the deadline approaches for President Barac...

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Zach Carter

In Stealth Lobbying Move, Wall Street Coordinates With Check-Cashers, Payday Lenders To Gut CFPB

HuffingtonPost.com | Zach Carter | Posted 05.25.2011

Read More: Payday Lending, Elizabeth Warren, Payday Lenders, Lobbying, U.S. Chamber of Commerce, Regulation, Debt Collectors, Chamber, Bank Lobby, Wall Street, Consumer Financial Protection Bureau, The Chamber, Cfpb, U.S. Chamber, Check-Cashing, Chamber of Commerce, Check-Cashers, US Chamber, Politics News

WASHINGTON -- Wall Street banks are deploying little-known lobbying organizations who represent companies like Pizza Hut and Radio Shack in a new push...

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Zach Carter

Liberal Think Tank Parrots Bank Lobby

HuffingtonPost.com | Zach Carter | Posted 05.25.2011

Read More: Housing Market, No Way to Live, Lobbying, Financial Reform, Fannie Mae, Obama, Dylan Ratigan, Affordable Housing, Mortgage Crisis, Gses, Center for American Progress, Mortgage Bankers Association, Mortgages, Wall Street Reform, Freddie Mac, Tbtf, Wall Street, Bank Lobby, Joshua Rosner, Banks, Treasury, Mba, Too Big to Fail, Mortgage Finance, Mortgage Interest Deduction, Cap, Business News

The following is produced in partnership with The Dylan Ratigan Show's weeklong "No Way To Live" series on the financial crisis and its impact on ordi...

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Zach Carter

Community Banks Win By Losing: Inside The K Street Hustle

HuffingtonPost.com | Zach Carter | Posted 05.25.2011

Read More: Dodd-Frank, Icba, Lobbying, Too Big to Fail, Finreg, Wall Street Reform, Tbtf, Wall Street, Bank Lobby, Banking, Interchange, Swipe Fees, Debit Cards, Business News

WASHINGTON - During the fight over Wall Street reform, community banks were most often pitted against their behemoth rivals. Small banks, which hold g...

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Crony Capitalism: Wall Street's Favorite Politicians

Zach Carter | Posted 05.25.2011

Read More: Corruption, Lobbying, Budget, Crony Capitalism, Campaign Finance, Financial Reform, Jobs, Recession, Bush Economy, Deficit, Unemployment, Wall Street Reform, Bank Lobby, Wall Street, Bailout, Deregulation, Republicans, Bank Bailout, Wall Street Bailout, Republican Party, Campaign Finance Reform, Business News
Zach Carter

All 21 senators who voted with Wall Street on the bailout and financial reform are Republicans, and Republicans raked in over 90 percent of the total campaign contributions.

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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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J.P. Morgan Still Hates the Economy

Zach Carter | Posted 05.25.2011

Read More: Tarp, Foreclosures, Wall Street Bailout, Foreclosure Crisis, Glassman, Lobbying, Financial Reform, Derivatives, Too Big to Fail, Wall Street Reform, Fraud, Financial Fraud, Tbtf, Wall Street Crisis, Predatory Lending, Bank Lobby, Jpmorgan, J.P. Morgan, Subprime, Bank Bailout, Business News
Zach Carter

J.P. Morgan's Chief Economist James Glassman recently indulged in a vaguely worded assault on financial reform, arguing that Congress is about to ruin the economy by cracking down on Wall Street. Don't believe a word of it.

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Goldman Sachs Builds Lobbyist Machine, Ramps Up Political Spending

Washington Post | Posted 05.25.2011

Read More: Lloyd Blankfein, Goldman Lobbying, Goldman Sachs, Goldman Sachs Fraud, Goldman Lobbyist, Bank Lobby, Goldman, K Street, Business News

Until a few years ago, Goldman Sachs operated a sleepy lobby shop in the nation's capital. This Story But now, faced with fraud charges, investigatio...

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The Bank Lobby Gets Desperate on Derivatives

Zach Carter | Posted 05.25.2011

Read More: Aig, Blanche Lincoln, Wall Street Reform, Bank Lobby, Lobbying, Enron, Derivatives, Financial Reform, Too Big to Fail, Bankers Derivatives, Congress-Financial-Reform, Business News
Zach Carter

As bankers fight to defeat tough new rules on derivatives, all their sloganeers can come up with is that serious rules will send this business overseas. It'd be funny if Congress weren't taking it seriously.

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Corker's Phony Bipartisanship Won't Fix Wall Street

Zach Carter | Posted 05.25.2011

Read More: Mcconnell, Wall Street Reform, Bank Lobby, Bailout, Wall Street, Lobbying, Corker, Wall Street Crisis, Financial Reform, Dodd, Jamie Dimon, Bank Bailout, Wall Street Bailout, Corker-Dodd, Tarp, Business News
Zach Carter

The financial crisis hit in the summer of 2007. By the fall of 2008, Wall Street had nearly destroyed itself. Obama put forth a reform proposal in June of 2009. It is now the spring of 2010. The time for action is long overdue.

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Weekly Audit: Deficit Reduction = Selling Out to Wall Street

The Media Consortium | Posted 05.25.2011

Read More: International Monetary Fund, The Washington Monthly, The American Prospect, Social Security, Regulation, Jobs, Imf, Annie Lowrey, Federal Reserve, The Nation, Alternet, Steve Benen, Deficit, Bank Lobby, Economic Policy, Tax, Securities, Washignton Independent, Privatization, Warren Buffett, The Fed, Social Services, Tim Fernholz, Wall Street, Economy, Dean Baker, Home News
The Media Consortium

by Zach Carter, Media Consortium blogger In the fall of 2008, decades of finance-first, bankers-know-best economic policies coalesced to create one of...

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Shahien Nasiripour

Bank Lobbyists Fought For Very Thing They're Now Trying To Kill, Says Elizabeth Warren

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Financial Crisis, Elizabeth Warren, American Bankers Association, Aba, Bank Lobby, Safety-and-Soundness, Consumer Protection, Consumer Financial Protection Agency, Financial Reform, Regulatory Reform, The Financial Fix, Richard Shelby, Christopher Dodd, Business News

Bank lobbyists are fighting to derail a key element of consumer protection which they fought to preserve just four years ago, threatening to kill fina...

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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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The Big Bank Lobby: Too Big to Bear?

Robert L. Borosage | Posted 05.25.2011

Read More: Wall Street Reform, Bank Lobby, Big Banks, Bank Reform, Too Big to Fail, Politics News
Robert L. Borosage

Bailed out by taxpayers, the big banks are emerging from the financial crisis larger and more concentrated than ever. Their very size offends market competition. Entities that are too big to fail cannot be disciplined by the market. Worse, their size and wealth also undermine democratic accountability. That's why changing the industry's business model and breaking up the banks that are too big to fail are vital steps towards the new economy that we build out of the ruins of the old. This fight must go on.

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Derivatives Market

nytimes.com | Posted 05.25.2011

Read More: Congress, Greece, Bank Lobby, Financial Reform, Derivatives, Derivatives Reform, Greek Crisis, Banks, New York Times, Obama Administration, Credit Default Swaps, Business News

The Obama administration and Congress have been talking for a year about fixing the derivatives market. Big banks have been lobbying to block change. ...

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Banks Lobbying Up 12 Percent In 2009

latimes.com | Nathaniel Popper | Posted 05.25.2011

Read More: Congress, Bank Lobby, Lobbying, Jpmorgan, Financial Reform, Bank Lobby Expenditures 2009, Private Equity, Business News

Lobbying expenditures jumped 12% from 2008 to $29.8 million last year among the eight banks and private equity firms that spent the most to influence ...

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Larry Summers' Davos Speech: Obama's Top Economic Adviser Adamant Reform Is Coming

AP | ALEXANDER G. HIGGINS | Posted 05.25.2011

Read More: Larry Summers, Davos, World Economic Forum, Davos 2010, Davos Conference, Obama Bank Reform, Volcker Rule, Bank Lobby, Business News

DAVOS, Switzerland — Confronting bankers head on, President Barack Obama's top economic adviser told them Friday to put their customers first an...

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