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Articles tagged with: opposition

Wall Street Influence, By the Numbers
May 14, 2010 – 11:19 am
Wall Street Influence, By the Numbers

$1.4 MILLION…The amount that the finance industry is spending every day to influence Congress.
$600 MILLION…The amount that the six big banks and their trade associations have spent on lobbying, trade association activity, and political contributions since the …

Report: How Too-Big-To-Fail’s Army of Lobbyists Has Captured Washington
May 12, 2010 – 9:58 am

New Report Details Vast Army Of Former Federal Workers Now Lobbying For The Big Banks
A new report, released today, shows that throughout the financial reform debate, the finance industry has spent an estimated $1.4 million per day to influence Congress, …

Opposition to Financial Regulatory Reform Activities
May 10, 2010 – 1:09 pm

The financial-industry spent $465 million lobbying in Washington in 2009, which was about $8 million more than in 2008.  (The Hill, 2/23/10; Center for Responsive Politics)

That’s $1.4 million a day spent on lobbying in 2009 …

USA Today: Payday Lenders Lobby for Regulation Exemption
April 22, 2010 – 8:22 am

USA Today reports:
WASHINGTON — Payday lenders have stepped up their federal lobbying as Congress works on sweeping legislation to regulate banks and protect consumers from the risky financial practices blamed for the economic crisis.
The Community …

Missouri Consumers Try Bank Tactic, Deliver Congressman Blunt a Check for His Support
February 19, 2010 – 4:49 pm
Missouri Consumers Try Bank Tactic, Deliver Congressman Blunt a Check for His Support

A group of concerned Southwestern Missouri residents were fed up with a lack of representation from their Congressman, Roy Blunt.  They decided to try the bank trick that has been getting industry leaders into the …

IMF Study Links Lobbying by US Banks to High-Risk Lending
January 6, 2010 – 2:55 pm
IMF Study Links Lobbying by US Banks to High-Risk Lending

A working paper from the IMF titled “A Fistful of Dollars: Lobbying and the
Financial Crisis” (PDF) shows a connection between lobbying and high-risk lending.  The Guardian UK discusses the article and its possible impact:
Powerful American …