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Commercial mortgage group spent $120,000 lobbying

Sat Aug 13, 2011 10:42 AM EDT
business, us, mortgage, group, commercial, lobbying
Associated Press
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WASHINGTON — The Commercial Real Estate Finance Council, which represents buyers and sellers of investments backed by commercial property loans, spent $120,000 in the second quarter lobbying the federal government.

That's down about 29 percent from the $170,000 the trade group spent in the first quarter, and down 14 percent from the $140,000 it spent in the second quarter last year.

The trade group lobbied on issues related to banking, securities, commercial real estate capital market finance, securitization, credit rating agencies, financial services regulatory reform, terrorism and catastrophe, flood and bond insurance, according to a disclosure report filed July 20.

Besides Congress, the group lobbied the Treasury Department, the Federal Deposit Insurance Corp., the Securities and Exchange Commission and the Office of the Comptroller of the Currency.

© 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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  • Public Discussion (2)
Davy-755715

So this must be why business in general is suffering from oppressive taxes, and why the GOP strives to lower their rates still further...

    Reply#1 - Sat Aug 13, 2011 11:04 AM EDT
    coolslow

    Wow! no $hit, $120,000!

      Reply#2 - Sun Aug 14, 2011 10:51 AM EDT
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