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In 2002 it tried to buy an ILC in California but failed in the face of lobbying from local banks.
Downing Street has dismissed pressure to slow the implementation of the "national living wage" in the face of lobbying from businesses concerned about rising salary bills.
Federal regulators approved new rules on Thursday to shine a light on Wall Street trading, but they also softened a crucial aspect of the plan in the face of lobbying pressure from the nation's biggest banks.
If it can stick to this in the face of lobbying pressure from state firms and banks demanding cheap liquidity and fresh equity, the currency could stabilise.That pressure, however, will be immense, particularly if the economy starts to shrink.
They buy TV ads to get public opinion behind their issue; then they commission polls to prove that public opinion is behind their issue; then they thwack these polls down on the desks of quaking congressmen, who must toe the generally-supported line or face the consequences at election time.The politicians themselves freely admit their impotence in the face of lobbies.
As part of the reform agenda, Aquino expended considerable capital in pushing through a "sin tax", raising taxes on tobacco – in the face of fierce lobbying from the tobacco industry – to finance better healthcare.
Only one major federal financial regulator has ever had its budget linked to the Congressional appropriations process -- the Office of Federal Housing Enterprise Oversight, which oversaw Fannie Mae and Freddie Mac during the housing bubble and was unable to rein in the mortgage giants' risk-taking in the face of massive lobbying.
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PhD Student in Biology, Bandung Institute of Technology, Indonesia