Merger of Wall Street Groups Creates a Lobbying Powerhouse

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The Securities Industry and Financial Markets Association (SIFMA), with a budget of $80 million, is the main mouthpiece for the financial services industry, the biggest corporate player in national politics. Only organized labor donates more to candidates for federal offices. When added together, SIFMA's political action committees gave more than $1 million during the 2006 election season...

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