Ailing, Banks Still Field Strong Lobby at Capitol |
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The New York Times reports on how banks who have been kept afloat with public funds can afford to lobby legislators enough to prevent public interest legislation being passed: The outcome left some Democrats frustrated and fuming. “This is one of the most extreme examples I have seen,” said Senator Sheldon Whitehouse, Democrat of Rhode Island, shortly before the vote, “of a special interest wielding its power for the special interest of a few against the general benefit of millions of homeowners and thousands of communities now being devastated by foreclosure.”
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