Dodd to Begin a New Effort to Reform Financial Regulation - NYTimes.com

Lauren K. Saunders, a lawyer at the National Consumer Law Center, said advocates feared that in the effort to reach a compromise, the agency’s power would be so watered down as to be ineffectual. “We’re completely outgunned,” she said. “Despite the millions of consumers who are affected, the money and the resources of the banking industry clearly overwhelm us. Even in this crisis, it’s hard for our voice to be heard.”

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Tags: voice, banking industry, banks, Wall Street, lobbyists, Congress, financial regulation, no we can't