Relevant:
2012-08-27 — thenation.com
``Virtually none of these members are facing competitive races this fall. (Though their leadership PAC can distribute the money to colleagues who are). However, each of the Representatives sits on the House Financial Services Committee, except Tiberi, who is on House Ways and Means. Each senator is on the Senate Banking Committee, except Roberts, who sits on the Senate Finance Committee. These committees exercise oversight over financial reform implementation and the financial services industry needs them on it's side.
It is crucial to watch the bank's lobbying and influence efforts going forward--this certainly won't be the last of them--and more importantly, what it buys the industry. Before the fail-whale catastrophe this year, several bills that would gut derivative reform were ready to move in the House, but were frozen by the scandal.''
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