Foreign Banks Find Fortune In Crisis

June 2, 2010  |  

(Politico) — Foreign banks are flexing newfound muscle in Washington, spreading their money and influence while winning government business that’s off-limits to their politically toxic American cousins. While Congress and President Barack Obama have been bashing big American banks as the cause of the nation’s economic troubles, foreign banks have been quietly increasing their presence in Washington with unprecedented lobbying and campaign spending.

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