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Saturday, August 5, 2017

The Banking Lobby: Writing Its Own Ticket in Washington

The Huffington Post observed in 2012: “Wall Street's campaign spending and lobbying power is so intimidating that banks have repeatedly stuck the public with the tab for their losses and no one in Washington stops them.” This was a significant change to be sure from President Jackson depriving the Second National Bank of the U.S. of funding in 1832.

The full essay is at "The Banking Lobby."

Source:

Loren Berlin and D. Levine, “Robo-Signing Settlement Might Not Provide Homeowners With Needed Help,” The Huffington Post, February 2, 2012.