Finance Overhaul Draws a Lobbying Swarm – NYTimes.com


WASHINGTON — Assessing the battle to overhaul the nation’s financial regulations recently, Jamie Dimon, the chief executive of JPMorgan Chase, left no doubt about the consequences if Congress cracked down on his bank’s immense business in derivatives.

Timothy Geithner, center, Treasury secretary, with Senators Blanche Lincoln and Saxby Chambliss of the Agriculture Committee. “It will be negative,” he said. “Depending on the real detail, it could be $700 million or a couple billion dollars.”

via Finance Overhaul Draws a Lobbying Swarm – NYTimes.com.

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