Summer is over and it's time to get serious, especially on Wall Street and in Washington, D.C. This week we hear from luminaries in the financial services arena who touch on fraud, regulation and how to keep a large global investment firm from imploding. We also hear about whether an organization that represents banks in America will get involved in buying -- or rather, influencing -- politicians. As the saying goes, money goes to money.
September 07, 2012
2. Money Talks
They could decide to marshal resources for the 2013 election. Nothing's on the table and everything's on the table.
—Michael Hunter, COO of the American Bankers Association, which represents about 5,000 U.S. banks. The ABA is deciding on whether to launch a nonprofit advocacy group that could pour millions into upcoming elections without disclosing donors.
Source: Reuters
