1:01 PM Eastern - Tuesday, October 20, 2009

Top Bank Lobbyist Receives High Honor

If only they gave out awards for helping bank CEOs get rich and using tax dollars to lobby against financial reform; ABA president and CEO Edward Yingling would win them all.

Well, exciting news for fans of Wall Street greed. Now, there is such an honor: the Golden Throne Award - given out by a new site called BanksterUSA.org. And the first one is going to none other than Edward Yingling. Our friends at BanksterUSA.org sum up Yingling's career highlights here:

According to the Center for Responsive Politics Yingling's group, the American Bankers Association, has already spent $4.4 million in 2009 on federal lobbying efforts. These efforts including blasting the Consumer Financial Protection Agency, watering down the Credit Card Holders Bill of Rights, tanking the bill to allow bankruptcy judges to modify mortgages, undermining efforts to cap executive compensation, molding the TARP Reform and Accountability Act and other federal bailout programs to their liking. In addition to their own formidable lobbying force, the ABA has tapped a stable of talent from illustrious K Street lobbying firms. While Yingling takes the heat for his members by answering requests for high-profile media interviews, according to the Washingtonian, Yingling is paid a mere $2.1 million per year.

This has to be a proud day for big bank CEOs everywhere. Which is why they've decided to use our tax dollars to throw a party this weekend in Chicago! And that's why thousands of taxpayers have decided to meet them there. We're going to confront the Wall Street executives and tell them to stop using our money to lobby against financial reforms that would protect us.

Will you join us? Demand that the big banks invite taxpayers to their gathering in Chicago.

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