Elizabeth Warren’s quiet (but huge) win:Why Wall Street lobbyists really hated her “cromnibus” fight

[WillyT]

2. HUGE K & R !!! - Thank You !!!

Here's the piece from TheHill:

“Every major piece of legislation has changes. Even our Constitution has significant changes,” said Richard Hunt, president and CEO of the Consumer Bankers Association. “People have an opportunity to be part of the ‘results caucus’ or the ‘rhetoric caucus.’ ”

Industry advocates say they need to strike while the iron is hot, given the likelihood that the race for the White House could soon plunge Congress into partisan warfare.

“The window gets narrow very quickly, but I also look at that optimistically,” said James Ballentine, a lobbyist for the American Bankers Association. “At the outset of the Congress, I anticipate them being very busy.”

The lobbying blitz is likely to draw a counterattack from liberal groups, which last week rallied behind Sen. Elizabeth Warren (D-Mass.) in denouncing the $1.1 trillion funding package as a sweetheart deal for Citigroup.

And...

Advocates for tougher rules on Wall Street said they were encouraged by the liberal uprising, viewing it as a sign that Democrats will not stand idly by while Dodd-Frank is torn apart.

“This past week’s drama suggests in some ways that we are, more likely than people once thought, going to win some of those fights,” said Lisa Donner, executive director of Americans for Financial Reform. “This debate, and how much people engaged in it, really does put members of Congress on notice that the public cares.”

One senior financial industry executive said the dust-up over the funding bill has forced the industry to recalibrate its lobbying priorities for the coming year. Given Warren’s megaphone, the executive said, getting through the next Congress without new restrictions on large banks would constitute a win.

More: http://thehill.com/policy/finance/227363-emboldened-wall-street-ready-to-dismantle-dodd-frank-financial-law