An army of lobbyists and financial professionals is swarming into Washington D.C. this week to push against financial reform.
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As The New Republic reports, "some two dozen executives from large corporations will be descending on Capitol Hill today to make the case against over-regulating derivatives." That push is being organized in part by the Chamber of Commerce. And The New York Times reports today that "more than 1,500 lobbyists, executives, bankers and others have made their way to the Senate committee that on Wednesday will take up legislation to rein in derivatives, the complex securities at the heart of the financial crisis, the billion-dollar bank bailouts and the fraud case filed last week against Goldman Sachs."