LOBBYING: Bank executives plead case to administration officials over Volcker rule. “Top executives with major banks met regularly with federal agency officials who were writing a draft rule meant to curtail risky Wall Street trading — known popularly as the Volcker rule, named for the former chairman of the Federal Reserve, Paul Volcker — federal agency meeting records show. Treasury Secretary Timothy Geithner and CFTC Chairman Gary Gensler were among the agency leaders who met with CEOs from companies including Bank of America, Morgan Stanley and JP Morgan Chase since June 2010.”
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