Forum Post: Lobbying For Fun and Profit.
Posted 10 years ago on May 17, 2013, 10:25 a.m. EST by shoozTroll
(17632)
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??
Warren fights back.
http://thinkprogress.org/economy/2013/05/17/2029651/elizabeth-warren-slams-dangerous-legislation-that-would-weaken-wall-street-reform/
None. The bottom line is that they don't have any pressure.
[Removed]
Here's some pressure they used during the final phases of Frank/Dodd
http://en.wikipedia.org/wiki/2010_Flash_Crash
http://www.occupy.com/article/how-big-oil-and-gop-subverted-american-democracy
http://www.occupy.com/article/koch-brothers-alec-attack-maine-renewable-energy-standards
Her ya go.
Now complain about the source.
ALEC
Destroying Democracy, one State at a time.
Who runs occupy.com?
Usually an occupy site wouldnt end in "commercial"
I knew you could do it.
Now, argue with the content.