Lobbying by banks takes off
Wonder why the financial reform bill is stalled in Congress and is now missing the new bank tax? Look no further than the lobbying efforts of banks like JP Morgan Chase, whose spending on lobbying increased in first quarter of 2010 to $1.5 million, a 15% increase over the $1.3 million they spend in the same period last year. I can only guess that it went up even more in the 2nd quarter, but we’ll have to wait a while to find that out.
Legal & regulatory | admin July 2, 2010
