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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