http://www.nytimes.com/2008/09/22/business/22lobby.html?_r=1&scp=1&sq=financial%20firms%20start%20lobbying&st=cse&oref=slogin
The scope of the bailout grew over the weekend. As recently as
Saturday morning, the Bush administration’s proposal called for
Treasury to buy residential or commercial mortgages and related
securities. By that evening, the proposal was broadened to give
Treasury discretion to buy “any other financial instrument.”
The
lobbying became particularly intense because Congress plans to approve
a package within just two weeks, without the traditional hearings and
committee process.
“Of course there will be fierce lobbying,”
said Bert Ely, a financial services industry consultant in Alexandria,
Va. “The real question is, Who wouldn’t want to be included in the
package?”
Mr. Ely said the open-ended nature of the Treasury’s
plan could be interpreted to mean that the government was open to
acquiring “any asset, anywhere in the world.”
“The question that I am raising — is there any limit?” Mr. Ely said.
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