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This Year's Top Lobbyists |
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December 12, 2011 |
By Andrew Joseph
Breaux and Gephardt. Gerard and Maloney. Berman and Podesta. According to First Street, these were among the most powerful lobbyists in Washington this year.
Using the amount their firms were paid, the number and diversity of clients and the number of Fortune 100 clients they represented, First Street compiled lists of the top lobbyists in town, divided among former members of Congress, former staffers and professional lobbyists. |
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Traders Magazine: Industry Execs Say Trading Tax Has No Legs |
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March 06, 2011 |
James Ramage, Traders Magazine Online News, March 6, 2009
A recent House of Representatives' bill that many on Wall Street believe would destroy liquidity will never pass, according to industry experts.
The bill-H.R. 1068: Let Wall Street Pay for Wall Street's Bailout Act of 2009-is heavily flawed, lacks sufficient support on the Hill and has already failed in an earlier incarnation, they added. As written, the bill would tax each buy and sell transaction for equities, options and futures by up to 25 basis points.
"I can't believe [a transaction tax] will get any traction," Duncan Niederauer, chief executive of NYSE Euronext, told an audience on Tuesday at the Museum of American Finance. "I can't believe that would find its way to even a vote."
If it passes, the transaction tax would kill the thin-margin high-frequency trading business, which many say represents an estimated two-thirds of the daily volume in equities.
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Reuters: US Fed hands banks glimmer of hope on fee crackdown |
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February 18, 2011 |
- Bair, Bernanke see damage to small banks, consumers
- FDIC seeks change to Fed's proposed debit fee crackdown
- Some lawmakers seek delay to Fed rule (Rewrites with comments from a lobbyist, lawmaker, and a banking expert)
By Dave Clarke and Clare Baldwin
WASHINGTON/NEW YORK, Feb 17 (Reuters) - U.S. bank regulators conceded some flaws in plans to force banks to cut billions of dollars in debit card processing fees, raising the prospect that the Federal Reserve might soften its stance.
The comments made on Thursday marked a small gain in the financial industry's fight to roll back parts of the Dodd-Frank financial reform law, also a major priority for Republicans in the new Congress. [ID:nN17119262]
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