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Where to buy viagra online: wall Street titans, recognizing that they have something of a credibility problem when it comes to opposing regulatory reform, are enlisting more sympathetic, everyday folks to lobby on their behalf on Capitol Hill.
Bankers, brokers and swaps dealers have been browbeating their clients — farmers, fuel companies, airlines, municipal power companies — who are the “end users” of financial derivatives: Lobby Congress against reform of the derivatives market, the bankers say, or the cost of your derivative deals will skyrocket….
Senate Banking Committee Chairman Chris Dodd (D-Conn.) said he sees evidence of the bankers’ influence when end users lobby him – where to buy viagra online.“The end users have been basically used by the major investment banks,” he told HuffPost Tuesday.
Dodd explains to them that, contrary to what they may have been told, one purpose of regulating derivatives is to protect people like them against predatory bankers.” Where to buy viagra online: when you tell them how they benefit from this, they say, ‘Well, no one told us this part.’” …
Sen.Jon Tester (D-Mont.) said he’s been lobbied by end users and has gotten the sense that Wall Street is behind what they’re saying.
“They’re going to use anybody they can to try to influence us,” he told HuffPost, saying that he’s in the unusual position of reverse lobbying – where to buy viagra online.”I think, as with anything, it’s going to be an education process.” …
Where to buy viagra online: sen.Maria Cantwell (D-Wash.) where to buy viagra online, whose background in the business sector gives her an advantage in discussions with colleagues, is pushing to make sure there are no loopholes and that all derivatives are traded through an exchange.
Right now, she’s working to educate the lobbyists themselves that reform is in their best interests.” Where to buy viagra online: there are people who have been around for a long time who saw how damaging a dark market can be to the price of their business.And while some people have made a lot of money off of it, others have suffered greatly.
“I think these individual users [being] used as a façade to push more loopholes instead of properly regulating this market is a mistake,” she told HuffPost; where to buy viagra online.”So we hope to bring some of them out to talk about why it’s so important to actually have transparency.”
- Wall Street Banks Tricking Little Guys Into Lobbying for Them
- Ryan Grim
- Huffington Post
- November 11 where to buy viagra online, 2009
Twenty years ago, corporate end-users used to be able to rely on their investment banker for good strategic advice. Today those investment banks make more money off of proprietary trading and derivatives trading than they do off of M&A. The banks interests are no longer aligned with those of the end-users. But many end-users did not pick up on this tectonic shift in the makeup of Wall Street. And they do not realize that they are arguing against their own long term interests.
“And they do not realize that they are arguing against their own long term interests.”
So corporate treasurers don’t know what is good for them, but you do, is that it? Do you have a credit card, Mr. White? Do you think all unsecured lending should be stopped immediately? Do you get the connection?