Posted 11 months ago on May 17, 2013, 10:25 a.m. EST by shooz
This content is user submitted and not an official statement
"Under pressure from Wall Street lobbyists, federal regulators have agreed to soften a rule intended to rein in the banking industry’s domination of a risky market.
The changes to the rule, which will be announced on Thursday, could effectively empower a few big banks to continue controlling the derivatives market, a main culprit in the financial crisis."
I always wonder what pressure a lobbyist really has?
They're going to take their bribes and go home????
Their going to turn the whole country into Detroit??
They're owners are going to quit paying their taxes??
What pressure do they actually have??