http://thinkprogress.org/2011/04/22/american-action-network-talking-points-town-hall/<snip>
The Ryan plan repeals provisions in the Dodd-Frank Wall Street reform law that allow “the Financial Stability Oversight Council (FSOC) to designate some firms as systemically significant and subject them to stiffer regulation” — a major reform Wall Street has lobbied aggressively to stop.
The American Action Network board features a number of executives and lobbyists with a potential interest in rolling back financial regulations:
– American Action Network board member Fred Malek is chairman of the investment firm Thayer Capital Partners.
– American Action Network board member Isaac Applbaum the founding General Partner of Opus Capital.
– American Action Network board member Dylan Glenn is the Senior Vice President of Guggenheim Advisors.
– American Action Network board member C. Boyden Gray is a director of FreedomWorks and founder of a lobbying firm called Gray and Schmitz.
Gray recently penned an article calling financial reform unconstitutional. – American Action Network board member B. Wayne Hughes Jr. is the founder of American Commercial Equities Inc.
– American Action Network board member Ken Langone is the chairman of investment banking firm Invemed Associates LLC.
– American Action Network board member former Sen. Mel Martinez (R-FL) is an executive at JPMorgan Chase.
– American Action Network board member Vin Weber is a lobbyist for a number of banks and insurance companies.
During the debate over health reform legislation, health insurance companies contracted a number of lobbying firms to bring people to congressional town halls and ask industry-friendly questions. Similarly, banks like JP Morgan and Bank of America worked through fronts like the U.S. Chamber of Commerce to battle financial reform during the legislative debate last year
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