Recently I was researching Senator Chris Dodd's financial reform bill. In an article on TheHill.com, I found this ad right in the middle of the page:
I wondered, "Why are banks lobbying so hard to keep this guy unemployed?" and clicked through to a website by the California and Nevada Credit Union Leagues. The introductory text captures the purpose:
Credit unions have the ability to create over 108,000 jobs and inject $10 billion into the economy with the passage of H.R. 3380 or S. 2919; without costing the tax-payer a dime! Banks are working aggressively to halt the passage of this legislation and making outrageous claims to prevent credit unions from creating main street jobs…
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