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Wells Fargo, BofA Targeting Lonely Dodd-Frank Republican 

February 26, 2014
Greg Giroux, Bloomberg

Representative Walter Jones was a rare Republican who backed tough banking regulations after the 2008 economic collapse. Now Wall Street wants him out of office.

JPMorgan Chase (JPM) & Co., Bank of America Corp. and Wells Fargo & Co. (WFC) are lining up behind Jones’ primary challenger, Taylor Griffin, an aide in President George W. Bush’s Treasury Department who later worked for groups that advocated in Washington for the biggest financial services companies.

“I doubt anyone in North Carolina needs me to point out this is a Wall Street bank hit job,” said Jeff Connaughton, a former Democratic Senate aide who worked on parts of the 2010 Dodd-Frank financial regulation law and wrote the book, “The Payoff: Why Wall Street Always Wins.”

Read more: Bloomberg

 
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