Banks’ Lobbyists Help in Drafting Financial Bills

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Banks’ Lobbyists Help in Drafting Financial Bills

Banks’ Lobbyists Help in Drafting Financial Bills

When does this end?


NYT-

Bank lobbyists are not leaving it to lawmakers to draft legislation that softens financial regulations. Instead, the lobbyists are helping to write it themselves.

One bill that sailed through the House Financial Services Committee this month — over the objections of the Treasury Department — was essentially Citigroup’s, according to e-mails reviewed by The New York Times. The bill would exempt broad swathes of trades from new regulation.

In a sign of Wall Street’s resurgent influence in Washington, Citigroup’s recommendations were reflected in more than 70 lines of the House committee’s 85-line bill. Two crucial paragraphs, prepared by Citigroup in conjunction with other Wall Street banks, were copied nearly word for word. (Lawmakers changed two words to make them plural.)

The lobbying campaign shows how, three years after Congress passed the most comprehensive overhaul of regulation since the Depression, Wall Street is finding Washington a friendlier place.

The cordial relations now include a growing number of Democrats in both the House and the Senate, whose support the banks need if they want to roll back parts of the 2010 financial overhaul, known as Dodd-Frank.

This legislative push is a second front, with Wall Street’s other battle being waged against regulators who are drafting detailed rules allowing them to enforce the law.

[NEW YORK TIMES]

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2 Responses to “Banks’ Lobbyists Help in Drafting Financial Bills”

  1. The banksers association title association and trustee association are the ones calling themselves people with integrity whom put the senate bills together like SB 1435 just passed unanimously by our senators and signed into a bill by governor Inslee whom promised to help homeowners not pass bills that harm homeowners. We are under attack of every level of government by these predators.

  2. Watch this gaming and admission and passing of this bill.
    HERE ARE TWO LOCAL COLLEGE TV SHOWS I AND JANET DID THAT CAN BE EXPOSED. AND TWO VIDEOS OF A SENATOR STATING THE LENDERS DO NOT KNOW WHO OWNS THE LOANS AND A VIDEO OF AN ATTORNEY FOR THE WA TITLE ASSOCIATION STATING IF YOU EXPECT TO RECONVEY WITH AUTHENTIC NOTES YOU WILL NEVER BEABLE TO SELL YOUR HOUSES..

    http://www.banking.senate.gov/public/index.cfm?FuseAction=Hearings.LiveStream&hearing_id=a52e1199-bc18-4a54-bbd5-159cc53ab44f

    Two TV Schedule & New show on Mortgage/Foreclosure/Janet Reiner and Shelley Erickson and Steve. dont know his last name. TV shows Janet and I did on the gaming of the passing of bill 1435 by people with no integrity.

    http://seattlecommunitymedia.org/node/231042
    TV Schedule & New show on Mortgage/Foreclosure

    http://seattlecommunitymedia.org/series/mortgage-investigative-research-services-tv/episode/mirstvjanet-reiner-mirsnow-mortgagees-nig

    HOMEOWNERS ARE HELD HOSTAGE BY PIRATE CREW MEMBERS CALLED JUDGES! VERY BAD BAD JUDGES! It is a crap shoot wither you get a good judge that goes by the rule of law or a bad judge that goes by the rule of bank MERS law. Most judges are blocking the rule of law and dismissing SOUND cases and are holding the people hostage to this horrific theft. In many states politicians are bringing bad bank bills to the senate, like Washington State bill 1435 which will enable the thieving pirates to sell our stolen houses, if it is passed. In the video below you will see Washington Senator Steve Hobbs, Don Benton and Roger Goodman. Roger Goodman telling the senate the lenders “do not” know who the lenders are! Yet bragging about an awesome bill 1435 to pass to skirt around the authentic notes.

    Here is a video of the Executive session passing along SHB 1435. Every member present gives a hearty “I” to pass along. http://www.tvw.org/index.php?option=com_tvwplayer&eventID=2013031129#start=3142&stop=3197; ……http://www.youtube.com/watch?feature=player_embedded&v=JMf_KwQ2Xlk#!

    NOTICE THEY ARE CHUCKLING THAT THEIR ARE NO CONS TESTIFING AGAINST THIS BILL! AT THE FIRST MEETING ON THIS BILL I, SHELLEY ERICKSON AND THE GROUP OF US THAT SHOWED UP FOR THE SECOND MEETING WERE EMAILED BY SENATOR ROGER GOODMAN AND TOLD NOT TO SHOW UP TO TESTIFY AGAINST BILL 1435, DUE TO IT WAS POORLY WRITTEN AND WAS BEING PULLED AND NOT VOTED ON. http://www.tvw.org/index.php?option=com_tvwplayer&eventID=2013021143#start=6475&stop=106
    Here is a link that begins with Stuart Halsan’s testimony AT THE SECOND SENATE MEETING; Where I was interrupted while testifying the banks are not trustworthy and the bill was not awesome. Senator Steve Hobbs did not want me to testify the evidence of the banks not being trust worthy. Evidencing the Wall Street and the Financial Crisis: Anatomy of a Financial Collaspe and the latest senate report on Chase and Jamie Diamond pdfhttp://msfraud.org/LAW/Legislative/Examining-the-consequences-of-mortgage-irregularities_11-10_.pdf

    click onto this for the report:
    The 2008 Crisis was Avoidable

    http://newsandinsight.thomsonreuters.com/uploadedFiles/Reuters_Content/2013/03_-_March/jpmorgan–senatereport.pdf EVIDENCING THE MODEL OF BANKS CHASE AND ITS TOP CEO ARE A CORRUPT ENTITY WITH A LYING CEO… THE banking association had testified people of integrity had spent three years attempting to pass bill 1435, claiming the banking association and title association and trustees association were people of integrity, however when I attempted to testified these associations were associated with crimials, my testimony was interrupted. As you will see on the video of the second senate meeting below.

    http://www.tvw.org/index.php?option=com_tvwplayer&eventID=2013031076#start=4699
    The second video you will see the attorney for the title association admit there are no notes. He admits the problem lies in the securities pools. He admits if you expect to sell a house by reconvayence with an authentic note You will never be able sell your house. Pushing this BS bill is necessary to close and sale every home due to no, zero, nada, homes well be closed and sold without this BS SB bill 1435. A bill to enable the sale OF STOLEN HOMES. ABSOLUTE ADMISSION OF THE LENDERS DO NOT KNOW WHO OWNS THE LOANS AND ADMISSION THERE ARE NOT NOTE. NOT EVEN THE SENATORS WILL BE ABLE TO SELL THEIR HOMES EVER. http://seattlecommunitymedia.org/node/231042
    TV Schedule & New show on Mortgage/Foreclosure
    http://seattlecommunitymedia.org/series/mortgage-investigative-research-services-tv/episode/mirstvjanet-reiner-mirsnow-mortgagees-nig

    Most states have a UETA law. Washington does not due to it already has an RCW 19.34.320 statute that states[ [“No] digital message shall be deemed to be an instrument under Title 62A RCW unless all parties to the transaction agree, including financial institutions affected.”] http://www.ncsl.org/issues-research/telecom/uniform-electronic-transactions-acts.aspx. Or the contract is “VOID”. If you did not give explicit approval of knowledge knowing and accepting digital filing of your contract. NOTE and Deed of Trust Like electronic filed MERS or MOM or an ykind of electronic filing, it is a void contract. Freddie and Fannie had a policy refusing to accept notes. The banks were to hold or destroy them. Senator Marci Kuptor stated the same claim as senator Goodman, they do’nt know who owns the loans and they dont have the paperwork. It appears there is not authentic note and if there were it would be void. Chase should be dead in the water due to Lawrence Nardi deposed, states in thousands of documents he prepared for litigation for Chase, there were never any notes or allonges nor assignments ever They simply did not exist. The entire mortgage industry was one big con game to sell empty securities pools into empty REMICS. This crime appears to make about 99 percent of the foreclosed houses not in default, due to the banks own crimes shooting themselves in their own foot.

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