By William K. Black
Bloomington, MN: February 11, 2015
Don’t get cocky, but also don’t give up. Bank lobbyists are still whining about opposition from progressives to the lobbyists’ agenda to (again) gut financial regulation. The lobbyists don’t fear the Obama administration, they fear progressives and the public.
The story comes from one of the reliable voices of the plutocracy – Bloomberg – in a February 11, 2015 article entitled “Banks May Have Overplayed Their Hand Fighting Wall Street Regulation.”
The financial industry is finding that winning in Washington comes at a cost.