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May 25, 2013


Is Wall Street Literally Writing the Country's Laws?

The Week: "A bill called the Swaps Regulatory Improvement Act recently sailed through the House Financial Services Committee. But when the New York Times went through emails from a lobbyist to the congressmen who wrote it, the paper discovered an unofficial co-author: Citigroup."

"It turns out that recommendations from Citigroup made up 70 of the bill's 85 lines, with two important paragraphs copied almost verbatim -- save for two words that were changed to make them plural."














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