Posts Tagged ‘Bank of America’

  • Bowed but far from broken, big banks still hold sway Monday, November 16, 2009 � by eric

    Financial institutions, including several banks that received taxpayer bailouts, spent almost $4.01 million on lobbying in Sacramento in the first three quarters of the year as they sought to blunt legislation to rein them in. The industry successfully blunted and blocked several bills intended to provide consumer protections and halt abuses that led to the worst recession since the Great Depression.

  • Banking lobby spent its way around regulation Monday, September 21, 2009 � by eric

    Banks and other corporations most heavily involved in the subprime mortgage industries spent $58 million in campaign contributions and lobbying in Sacramento, all in an effort to keep state regulators off their backs and weaken proposals to curb risky lending.