New York Times Admits Bank Lobbyists Write Laws For Banks

We all knew this was going on, I hope, but it is nice to see a story in the New York Times actually admit to it: “Bank lobbyists are not leaving it to lawmakers to draft legislation that softens financial regulations. Instead, the lobbyists are helping to write it themselves. One bill that sailed through the House Financial Services Committee this month — over the objections of the Treasury Department — was essentially Citigroup’s, according to e-mails reviewed by The New York Times. The Read more […]