Dick Durbin: Banks Frankly Own The Place
https://www.huffpost.com/entry/dick-durbin-banks-frankly_n_193010
When Wall Street and K Street team up, the impact can be felt by anyone living on or near Main Street.
Perhaps the most prominent recent example of this three-way intersection is the Dodd-Frank Act and the activity thats followed it. Originally lobbied for by liberal-leaning K-Street shops and intended to protect consumers, many on Wall Street feel that Dodd-Frank went too far in terms of enacting regulations that put a crunch on their operations. In turn, banks passed along that newly felt crunch to their Main Street clients in the form of higher fees, slower processes and significantly tighter lending practices. Since 2010, Wall Street and conservative-leaning K-Street shops have lobbied Congress relentlessly to repeal certain sections of Dodd-Frank so they can purportedly better serve customers on Main Street. And around and around the traffic circle goes.
https://financialengines.com/education-center/the-intersection-of-wall-street-k-street-and-main-street/