Ailing, Banks Still Field Strong Lobby at Capitol PDF Print E-mail
Banks and Finance

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.”