Last week Citigroup (C -0.32%) made headlines when it was revealed that a House bill that would weaken some of the derivative rules in the Dodd-Frank bill was largely composed of suggestions from the bank. As one of the largest derivatives traders in the U.S., it's no surprise that Citi wanted to get involved in the regulatory changes. But now we're seeing some other financial companies step up to the plate to take their shot at regulations through a new avenue. With AIG (AIG 0.05%) and JPMorgan Chase (JPM 0.49%) leading the pack, is it a good thing for investors if Wall Street goes to Washington?
In the video below, Motley Fool contributor Jessica Alling discusses the way the financials are getting involved, why they want changes, and how it might turn out for investors.
