To be filed under the category of “things that make me weary,” the American Bankers Association, a group representing the largest banks in the U.S., is likely to launch a new Super PAC “to back candidates who favor rolling back provisions of the Dodd-Frank financial reform law.”
This is according to a piece by ThinkProgress, which also says this:
The group plans to focus on Senate races, as “attempts in the Republican-controlled House to roll back regulation of the financial industry, particularly the 2010 Dodd-Frank Act, have so far run aground in the Democratic-controlled Senate.” Having a Super PAC would allow the ABA to funnel money anonymously to these races; so far, the ABA has donated $1.7 million to 2012 candidates, the majority of which went to Republicans.
Doesn’t that make you feel optimistic about the future of financial regulation in America?
(Cross-posted at Lippmann’s Ghost.)
Recent Comments
He looked so satisfied with himself and his status at the pinnacle of the John Valentine hierarchy............
Thank you to Bill and Jennifer! and the writers of the song!
I actually appreciate your way of blogging. I bookmarked it to my bookmark internet site list and will be checking ...
If some one wishes to be updated with most recent technologies then he must be go to see this site ...
This is performed by requirement, but also by possessing area Chinese pals, you can definitely get in contact with Chinese ...