An Epic Lobbying Effort On Dodd-Frank Rules

A CFTC commissioner estimates 5,000 financial industry lobbyists are on the case, and according to Wall Street critics they are winning every battle and watering down the rules. Finance and business groups say they are trying to prevent huge compliance costs and a potential army of new regulators. In addition to regulation of swaps and other derivatives, two other big issues loom as the rules get hammered out.