Finance/insurance industry fall short in wish list for U.S. spending bill

December 18, 2015 by Cheyenne Hopkins

(Bloomberg) — Financial industry lobbyists were stymied in their efforts to slip measures helping banks, insurers and private-equity firms into the $1.1 trillion bill funding the U.S. government.

The failures are a stark contrast to 2014, when Wall Street successfully got a provision in the year-end spending legislation that watered down a requirement that banks move swaps trading out of entities that benefit from federal backstops.

This time, the White House and Wall Street critics, such as U.S. Senator Elizabeth Warren, held the line. Click HERE to read article….

Originally Posted at LifeHealthPro on December 16, 2015 by Cheyenne Hopkins.