~S Here’s an interesting bit, though. At least one (anonymous) bigwig tells the Hill that they’re having to draw down their expectations for next year after the fight over the pushout rule shone the spotlight on them. “One senior financial industry executive said the dust-up over the funding bill has forced the industry to recalibrate its lobbying priorities for the coming year,” The Hill writes. “Given Warren’s megaphone, the executive said, getting through the next Congress without new restrictions on large banks would constitute a win.” And it’s that, that right there, that shows why it was so important for Elizabeth Warren, Nancy Pelosi and other Democrats to make such a stink about the change, even if they weren’t ultimately able to stop it. It’s going to make it much harder (though not impossible) for these lobbyists to achieve the changes they still want under-the-radar — the only way to do such things — now that it’s clear that doing so under-the-radar is impossible. Since Elizabeth Warren is watching them, and the media is watching Elizabeth Warren, the media is watching them.
Posted on: Thu, 18 Dec 2014 17:14:22 +0000
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