Wall Street Wielding Campaign Cash to Fight Off Regulation Efforts

Submitted 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.


Submitted by Binoculars (not verified) on Wed, 03/17/2010 - 12:23pm.

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!


Submitted by Grants For New Business (not verified) on Tue, 03/09/2010 - 4:17pm.

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.


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Submitted by heath leeds (not verified) on Sun, 03/07/2010 - 9:15pm.

Finance industry is paramount in today's political atmosphere.

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Submitted by http://magicsurf.net (not verified) on Sun, 03/07/2010 - 8:35pm.

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.


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If you know your hesitation particles in French you can come across as virtually fluent, I kid you not.
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Submitted by business bankruptcy (not verified) on Sat, 03/06/2010 - 2:22am.

I am not sure what Obama needs to do to restore this country, but it sucks to see the opposition against him.

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Submitted by BestBingoSpots (not verified) on Fri, 03/05/2010 - 1:13pm.

There is no other way for Obama to lift the american economy. But he must be carefull to take any decisions.
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Submitted by Income Drawdown (not verified) on Thu, 03/04/2010 - 11:51am.

Makes you wonder who exactly is Wall Street trying to buy! What are they trying to hide?

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Submitted by Miami Mortgage Refinancing (not verified) on Wed, 03/03/2010 - 12:31pm.

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.


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Submitted by gfre (not verified) on Sat, 12/26/2009 - 2:00am.

Obama should handle Wall Street with a more tactful manner. That is a humble opinion on my part.


Submitted by Fail Blog (not verified) on Mon, 11/23/2009 - 5:32pm.

Obama has been trying but he just doesnt have the experience. He did well with education, but the real problem is on Wall Street


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Submitted by Marlon (not verified) on Thu, 10/22/2009 - 11:20pm.

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