Wall Street Wielding Campaign Cash to Fight Off Regulation EffortsSubmitted by Johnny Papagiannis on Thu, 10/22/2009 - 3:18pm.
The Wall Street Journal reports that after taking a brief respite while receiving government bail-outs, Wall Street is upping their campaign giving and lobbying efforts to fight off finance industry regulation efforts in Congress.
"The renewed assault on Washington comes as the Capitol Hill debate begins on a broad overhaul of financial-services regulations that is strongly backed by President Barack Obama and opposed by large swaths of the finance industry. The spending could also heighten tensions with Mr. Obama, who as recently as Tuesday called on Wall Street to stop lobbying against the proposed regulations."
For the whole story, click here.
23 comments
"after taking a brief respite while receiving government bail-outs, Wall Street is upping their campaign giving and lobbying efforts to fight off finance industry regulation efforts in Congress." - I suppose we ought to be grateful that there was a brief respite! These people only focus on their pockets and are happy if everything else is flushed down the drainage chute. Strong active regulation is needed. Wall street shouldn't be given that much freedom. Politicians who vote in against these reforms would only prove that they are already owned by wall street. I'm really disappointed in the present administration right now! all they seem to care for now is how much money they'll be getting for the next campaign! Yes, you're right. With the millions of dollars that came from hard-earned money, people should be able to know whats happening to their funds. Wall Street should undergo serious reforms. this article is very great and informative! Finance industry is paramount in today's political atmosphere. -brad Wall Street should undergo serious reforms. With the millions of dollars that came from hard-earned money, people should be able to know whats happening to their funds. Very good post. It really helped me a lot, will be referring a lot of friends about this. Thanks a lot for sharing such an informative post with us. Keep blogging. Looking forward to reading your next post. If you know your hesitation particles in French you can come across as virtually fluent, I kid you not. If you know your hesitation particles in French you can come across as virtually fluent, I kid you not. I am not sure what Obama needs to do to restore this country, but it sucks to see the opposition against him. There is no other way for Obama to lift the american economy. But he must be carefull to take any decisions. The article has been really very information and quite a handy piece with detailed discussion on the matter discussed about.Keep up the better effort and help us get to know more with valuable info's. Makes you wonder who exactly is Wall Street trying to buy! What are they trying to hide? Dale Miami Mortgage Refinancing The Wall Street Journal reports that after taking a brief respite while receiving government bail-outs, Wall Street is upping their campaign giving and lobbying efforts to fight off finance industry regulation efforts in Congress. bger This article is very interesting. Thank you very much for sharing . Obama should handle Wall Street with a more tactful manner. That is a humble opinion on my part. There was an important job to be done and Everybody was asked to do it. Everybody was sure Somebody would do it. runescape accounts Anybody could have done it, but Nobody did it. Somebody got angry about that, because it was Everybody's job runescape gold. Everybody thought Anybody could do it but Nobody realized that Everybody wouldn't do it. runescape power leveling It ended up that Everybody blamed Somebody when Nobody did what Anybody could have done. I wish that the federal budget will be spend on its purpose and the budget department should avoid exorbitant spending in order to eliminate the cases of budget deficit. Did you know that the economy has made real estate a horror show, but if you have the credit or the cash, you can find a great deal with the foreclosure housing market, as banks are looking for a way to divest property for cash. Areas with higher rates of foreclosure, such as California, are a good place for foreclosure auctions, or debt consolidation if you want to move to a cheaper home. Post new comment |
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