The big American banks of yesteryear, built during the go-getting "gilded age", lobbied hard against Glass-Steagall.
With the issue now reopened, banks are lobbying hard against it and their pressure has stalled if not killed efforts to revive last year's legislation.
The bank lobbied to have its charter extended, but the Democrats and Free Bankers who controlled the General Assembly refused.
For more than eight years, big banks lobbied aggressively to make it harder for consumers to file for bankruptcy.
It is unclear how much American banks and manufacturers lobbied for the Brazilian rescue plan, but they will certainly benefit from it.
Unfortunately private banks have lobbied government to implement the rule that they are the only entities that can directly borrow money from central banks.
Another expressed concern was that the banks might lobby the IFC to weaken its standards on which the Principles are based.
The Danish banks lobbied successfully to have pictures removed from the national debit cards and so since 2004 the Dankort no longer contains a photo.
A big reason, analysts say, is that they are taking business from banks in a freer regulatory landscape for which the banks themselves lobbied vigorously for decades.
While the bank cannot lobby for itself, its beneficiaries can.