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Foreign banks find fortune in crisis

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"Foreign banks are flexing newfound muscle in Washington, spreading their money and influence while winning government business that’s off-limits to their politically toxic American cousins. While Congress and President Barack Obama have been bashing big American banks as the cause of the nation’s economic troubles, foreign banks have been quietly increasing their presence in Washington with unprecedented lobbying and campaign spending. The foreign companies have found a lucrative niche, essentially acting as brokers for the federal government’s bailout money. Domestic banks with the size and expertise for that role are largely banned from competing for the contracts because they have been recipients of the emergency funds. "
SOURCE:   Politico

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