Why shouldn’t they?
February 16, 2010 | alternatives, federal legislation, industry | Comments (0)Big story going around is a Los Angeles Times report about bank lobbying. From the story:
Lobbying expenditures jumped 12% from 2008 to $29.8 million last year among the eight banks and private equity firms that spent the most to influence legislation, according to data compiled from disclosure forms filed with Congress.
So what? Financial reform is complicated. Lobbyists explain the impact of proposals to Congressmen and staff. Sounds like democracy at work.
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