July 20, 2009 7:38 AM

Troubled bank industry continues California lobbying

Banks that received billions of dollars in federal bailout funds continue spending heavily to lobby in the state Capitol against increased regulation of their industry. Players in the California financial industry spent $4.4 million lobbying state lawmakers in the first quarter of this year, just $500,000 less than the $4.9 million they spent in the first quarter of 2007, before the nation's financial meltdown.

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