Not Losing Is New Winning as Wall Street Dilutes Proposed Laws
Monday, December 14, 2009 : PermalinkBloomberg – Four Wall Street lobbyists and about a dozen lawmakers huddled over eggs and bacon at Tortilla Coast restaurant on Capitol Hill on Dec. 2 to discuss legislation aimed at strengthening bank regulation.
The meeting between fiscally conservative House Democrats and lobbyists for the largest U.S. financial firms turned tense, with a lot of finger-pointing, recalled one attendee. The message delivered over breakfast: We bailed you out last year with taxpayer dollars. Now help us address the needs of constituents by aiding struggling homeowners and lending more.
