Amid bailouts, banks spent big to thwart foreclosure legislation

The $70 million spent in California on lobbying fees and political contributions came at the same time the banks were getting billions in federal taxpayer bailouts to keep them from collapsing. Through the depths of the recession, major Wall Street banks and other financial institutions spent nearly $70 million in California to try to defeat or water down California legislation aimed at slowing ...

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Source: Los Angeles Times

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