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EDWARD YINGLING, Bank Lobbyist Extraordinaire

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DejaVu
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« on: September 23, 2009, 07:46:44 pm »

CMD's First Golden Throne Award Presented to EDWARD YINGLING, Bank Lobbyist Extraordinaire



Today, the Real Economy Project of CMD is introducing a new award we are fondly calling our "Golden Throne Award." The Throne salutes the behind-the-scenes lobbyists and spinmeisters who have managed to maintain the status quo and hold off any meaningful reform of the financial services sector since the collapse of Lehman Brothers, Merrill Lynch and AIG rocked the world one year ago this week. The award invokes fond memories of the $1.2 million bathroom renovation ordered by Merrill's CEO, John Thain, shortly before the firm lost $27 billion and collapsed into the arms of Bank of America (BofA).

Our first award is being presented to lobbyist extraordinaire EDWARD YINGLING, who for over 30 years has been a top lobbyist and frontman for the banking industry. Currently, he is the President and CEO of the American Bankers Association.

Our press release on the award lauded Mr. Yingling: "Few have done more to earn a place on this seat of honor. From his days as a cub lobbyist fighting to rid the nation of caps on interest rates, Glass-Steagall and other proven consumer protections to his recent yeoman's effort to keep bank fees unregulated and kill off the Consumer Financial Protection Agency, Edward Yingling has consistently been a true advocate for the American Bankster." The proposed Consumer Financial Protection Agency -- a type of financial product safety commission for credit cards and other consumer products -- is a top priority for consumer and public interest groups and the top target of the financial services lobby and the U.S. Chamber of Commerce. While Yingling has fielded a huge array of lobbyists to battle the measure, the Chamber recently launched a $100 million campaign to fight the measure. You can be sure you will be hearing more about that campaign from us in the weeks to come.



Story Continued here: http://www.prwatch.org/node/8548



If only the controlled media would shine a light on these blood suckers.
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The most successful tyranny is not the one that uses force to assure uniformity, but the one that removes awareness of other possibilities, that makes it seem inconceivable that other ways are viable, that removes the sense that there is an outside. --Allan Bloom

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Guardian Angel
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« Reply #1 on: September 23, 2009, 07:51:32 pm »

Somebody push him in and flush......................... Grin
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