- "...Murmurs were already emanating from Washington
about the need for a wide-ranging regulatory overhaul, and Wall Street
executives girded for a fight."
- Page 3...
- "...Because the banks' lobbyists persuaded some
of his Republican colleagues to resist more sweeping changes, Mr. Peterson
said, he has had to modify a bill he introduced that is similar to Mr.
Harkin's in calling for wide-ranging limits on derivatives.
- (Referring to Congress)..."The banks run the place,"
Mr. Peterson said. "I will tell you what the problem is - they give
three times more money than the next biggest group. It's huge the amount
of money they put into politics."
- (Representative Collin C. Peterson, a Minnesota Democrat
and the chairman of the House Agriculture Committee)