Banking lobbyists make a run at reform measures

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investorzzo's picture
investorzzo
Status: Diamond Member (Offline)
Joined: Nov 7 2008
Posts: 1182
Banking lobbyists make a run at reform measures

As Congress rushes this week to complete the most far-reaching financial reform plan in decades, the banking industry is mounting an 11th-hour end run.
Industry lobbyists — and sympathetic members of Congress — are pushing for provisions to undercut a central pillar of the legislation, known as the Volcker Rule, which would forbid banks from using their own money to make risky wagers on the market and would force them to sell off hedge funds and private equity units.

http://www.nytimes.com/2010/06/21/business/21volcker.html?ref=economy

Contact your congressmen.

V's picture
V
Status: Platinum Member (Offline)
Joined: Dec 14 2009
Posts: 849
Re: Banking lobbyists make a run at reform measures

No need for a new thread. I posted this over two weeks ago

http://www.peakprosperity.com/forum/wall-streets-war-matt-taibbi/40263

V

PS calling your congress person is a waste of time. You have to send them more money than the banks.

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