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2014-04-26 — slate.com
``Less than six years after a massive financial crisis drove the U.S. banking system to the edge of collapse, leading to a $700 billion government bailout and a recession that destroyed as much as $34 trillion in wealth, bankers and lawmakers are working in concert to undermine Dodd-Frank, an 849-page law designed to prevent another failure.
There are more than 2,000 lobbyists for financial firms and trade groups, and many are spreading money around Washington, enlisting like-minded members of Congress to write letters, propose legislation, hold hearings, and threaten agency budgets as they pressure regulators to ease up on banks.'' source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |