Ironically, one rule the bank has lobbied Congress hard about is the Volcker Rule, which prohibits banks from trading with
Ever since the taxpayer bailout allowed Wall Street banks to procure an army of shiny new lobbyists, it's been generally
Tucked inside the last-minute fiscal cliff package were more than a dozen tax loopholes, many of which will benefit Wall Street financial firms and some of the nation's biggest corporations. One of the more unusual tax benefits in the fiscal cliff legislation is a longstanding carve-out for racetracks used by NASCAR.
A spokesman for the International Speedway Corp., Charles Talbert, said the industry is simply seeking to preserve a tax
And indeed, Bank of America did make a profit that year -- $1.4 billion, to be exact. That might be due to the fact that
And bank lobbyists are fighting back. A notable financial services lobbying firm hatched a plan earlier this week to spend
` Here is how much the top 10 banks spent on lobbying in the third quarter: And though the Dodd-Frank financial reform bill
In return for obstructing Democratic legislation to hold Wall Street CEOs accountable, Republican lawmakers are pressing bankers for financial help heading into the November elections.
The L.A. Times quotes one Ed Mierzwinski, "a lobbyist for the U.S. Public Interest Research Group," as saying, "It seems
This year's award goes to SIFMA (the lobbying group for banks like Citigroup and B of A) who created a multinational "cashroots" campaign to portray its clients as "part of the solution" to the financial crisis.
It took federal agencies until 2007 -- well after problems arose -- to put out comprehensive guidance on subprime mortgages
WASHINGTON - As he often does, President Obama took the opportunity in a bill-signing ceremony last month to remind Congress
As the financial crisis entered one of its darkest phases in October, a handful of the nation's largest banks began holding