Tag: Jeb Hensarling
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Meet the banking caucus, Wall Street’s secret weapon in Washington
By Daniel Wagner and Alison Fitzgerald
Center for Public Integrity
The lawmakers were at an impasse. More than two hours into a meeting of the House Financial Services Committee last month, the members were bickering over two versions of a bill designed to ease a new regulation that affected banks, part of the sweeping 2010 overhaul of financial laws known as the Dodd-Frank Act. The dispute? Whether to give banks everything they asked for, or whether to give them even more.
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