Who can bankroll enough lobbying to actually change federal law?
Banks. $400M+ in 2 years:
"the banking lobby worked for two years to water down aspects of the 2010 Dodd-Frank law...with companies and trade groups that specifically mention Idaho Senator Mike Crapo’s legislation spending more than $400 million in 2017 and 2018, according to an Associated Press analysis of the public lobbying disclosures"
https://apnews.com/article/banking-crisis-congress-lobbying-svb-c2bc00ad41ae7fd1ec9d0ffb781383f2
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#Congress #corruption #banking #finance #DoddFrank #crapo
#congress #corruption #banking #finance #doddfrank #crapo