Party with Wall St. on Finance Reform!

Flickr/<a href="http://www.flickr.com/photos/f-l-e-x/1449291608/">f-l-e-x</a>

Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.


The battle to re-regulate Wall Street is in the late rounds, as the House and Senate try to merge their two bills via the “conference” process beginning as early as next week. That isn’t stopping banks and their lobbyists from wooing top lawmakers with a say on the final bill.

Case in point: According to an invitation obtained by Brian Beutler at Talking Points Memo, a Wall Street securities firm and a Washington lobbying shop are scheming to bring together top lawmakers crafting Congress’ reform legislation, financial lobbyists, and banking officials for a day-long event in mid June. “Speakers will include the KEY House and Senate Conferees and majority and minority Committee staff,” the invitation reads, “as well as leading financial lobbyists covering interchange, banks and major non-banks affected by so-called Wall Street Reform bill.” (The securities firm is JNK Securities Corp., and the lobbying outfit Federal Advisory LLC.)

According to the invitation, the June 15 event is slated to last from 10 am to 7 pm—which could fall in the middle of the financial reform conference negotiations between House and Senate leaders. When Beutler called Tim Rupli, Federal Advisory’s registered lobbyist, Rupli said the event wasn’t a sure thing yet, and all 12 of the Senate conferees, as they’re called, either hadn’t heard of the event or weren’t planning on attending. Nonetheless, the event, whether it comes off or not, is evidence that banks, their lobbyists, and their trade groups will continue fighting and plying and cajoling until President Obama puts pen to paper on the final bill.

For your reading pleasure, here’s the invitation in full, per TPM:

From: “Bill Williams” ********** Date: May 26, 2010 4:46:44 PM EDT Subject: (BAC, V, WFC, MA, GS, JPM) ** Confirmed ** Tuesday June 15th in Washington DC w/ KEY House & Senae Conferees

*Timely* Financial Reform Event on TUES June 15th in Washington DC

JNK will be hosting a financial reform event with Federal Advisory, LLC on Tuesday June 15th in Washington DC from 10am – 7pm on Capitol Hill. Speakers will include the KEY House and Senate Conferees and majority and minority Committee staff, as well as leading financial lobbyists covering interchange, banks and major non-banks affected by so-called Wall Street Reform bill. This event will comply with Congressional ethics and gift ban rules. JNK Securities Corp does not participate in any lobbying or fundraising events.

Attendance will be limited, Please indicate your interest.

Federal Advisory: Industry sources suggest the following is proposed conference schedule:

Tuesday, June 8 th-conferees appointed

Wednesday, June 9th-first open meeting of the conference; organizational matters and opening statements only

Tuesday, June 15th, Wednesday, June 16th, Thursday, June 17th-conference meets on substantive issues

Tuesday, June 22nd, Wednesday, June 23rd-conference meets on substantive issues

Thursday, June 24th-conference concludes with formal signing ceremony; conference report filed shortly thereafter

Monday, June 28th-Rules Committee meets to grant rule

Tuesday, June 29th-House passes conference report; this gives the Senate three days to pass it before the beginning of the July 4th recess.

Bill Williams | Director of JNK 3rd Party Research and Sales

JNK Securities Corp | Customized Research Solutions + Trade Execution

******

Semiconductors – Semiconductor Equipment – EMS/Hardware Supply Chain – U.S. Wireless/Mobile Devices – Global Telecom & Data Centers – Security Software – Retail – Gaming & Lodging – U.S. Government Strategy

JNK works with a select group of 3rd Party Consultants. Their work is exclusive to JNK Securities. We do our best to ensure that you are receiving the most up to date, accurate and actionable information on the Street. In an effort to maintain that value, it is important that our clients, keep our proprietary information to themselves. Please do not distribute our work to any outside party including (but not limited to) other Funds, friends, IR departments from mentioned companies etc.

If you have any further questions, please feel free to contact myself, Bill Williams, our Head of 3rd Party Research or Jodi Heitner, our Chief Compliance Officer.

AN IMPORTANT UPDATE

We’re falling behind our online fundraising goals and we can’t sustain coming up short on donations month after month. Perhaps you’ve heard? It is impossibly hard in the news business right now, with layoffs intensifying and fancy new startups and funding going kaput.

The crisis facing journalism and democracy isn’t going away anytime soon. And neither is Mother Jones, our readers, or our unique way of doing in-depth reporting that exists to bring about change.

Which is exactly why, despite the challenges we face, we just took a big gulp and joined forces with the Center for Investigative Reporting, a team of ace journalists who create the amazing podcast and public radio show Reveal.

If you can part with even just a few bucks, please help us pick up the pace of donations. We simply can’t afford to keep falling behind on our fundraising targets month after month.

Editor-in-Chief Clara Jeffery said it well to our team recently, and that team 100 percent includes readers like you who make it all possible: “This is a year to prove that we can pull off this merger, grow our audiences and impact, attract more funding and keep growing. More broadly, it’s a year when the very future of both journalism and democracy is on the line. We have to go for every important story, every reader/listener/viewer, and leave it all on the field. I’m very proud of all the hard work that’s gotten us to this moment, and confident that we can meet it.”

Let’s do this. If you can right now, please support Mother Jones and investigative journalism with an urgently needed donation today.

payment methods

AN IMPORTANT UPDATE

We’re falling behind our online fundraising goals and we can’t sustain coming up short on donations month after month. Perhaps you’ve heard? It is impossibly hard in the news business right now, with layoffs intensifying and fancy new startups and funding going kaput.

The crisis facing journalism and democracy isn’t going away anytime soon. And neither is Mother Jones, our readers, or our unique way of doing in-depth reporting that exists to bring about change.

Which is exactly why, despite the challenges we face, we just took a big gulp and joined forces with the Center for Investigative Reporting, a team of ace journalists who create the amazing podcast and public radio show Reveal.

If you can part with even just a few bucks, please help us pick up the pace of donations. We simply can’t afford to keep falling behind on our fundraising targets month after month.

Editor-in-Chief Clara Jeffery said it well to our team recently, and that team 100 percent includes readers like you who make it all possible: “This is a year to prove that we can pull off this merger, grow our audiences and impact, attract more funding and keep growing. More broadly, it’s a year when the very future of both journalism and democracy is on the line. We have to go for every important story, every reader/listener/viewer, and leave it all on the field. I’m very proud of all the hard work that’s gotten us to this moment, and confident that we can meet it.”

Let’s do this. If you can right now, please support Mother Jones and investigative journalism with an urgently needed donation today.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate