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Forum Post: Lobbying For Fun and Profit.

Posted 1 year ago on May 17, 2013, 10:25 a.m. EST by shooz (17751)
This content is user submitted and not an official statement

"Under pressure from Wall Street lobbyists, federal regulators have agreed to soften a rule intended to rein in the banking industry’s domination of a risky market.

The changes to the rule, which will be announced on Thursday, could effectively empower a few big banks to continue controlling the derivatives market, a main culprit in the financial crisis."

What pressure???

http://dealbook.nytimes.com/2013/05/15/compromise-seen-on-derivatives-rule/?hp

I always wonder what pressure a lobbyist really has?

They're going to take their bribes and go home????

Their going to turn the whole country into Detroit??

http://www.politicususa.com/detroits-emergency-manager-kevyn-orr.html

They're owners are going to quit paying their taxes??

What pressure do they actually have??

7 Comments

7 Comments


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[-] 0 points by GirlFriday (17435) 1 year ago

None. The bottom line is that they don't have any pressure.

[-] 3 points by ZenDog (13199) from South Burlington, VT 1 year ago

well the fukers certainly are effective - and that is a trick well worth learning.

[-] -1 points by OTP (-203) from Tampa, FL 1 year ago

Here's some pressure they used during the final phases of Frank/Dodd

http://en.wikipedia.org/wiki/2010_Flash_Crash

[-] -1 points by OTP (-203) from Tampa, FL 1 year ago

Who runs occupy.com?

Usually an occupy site wouldnt end in "commercial"

[-] 1 points by shooz (17751) 1 year ago

I knew you could do it.

Now, argue with the content.