Auto dealer lobbyists and financial regulatory reform (with rum on the side)

The Post covers issues related to auto dealers and financial regulatory reform.

For months, auto dealers have lobbied fervently to escape the consumer watchdog’s reach, saying existing regulators have power to crack down on abusive practices and arguing that they did not cause the financial crisis.

Yesterday was a story on the “rum wars.”

A fight over federal rum taxes pits Puerto Rico against the U.S. Virgin Islands and is sparking rare public tensions among Hispanic and African American lawmakers in Congress.

Put simply, the argument involves whether tax dollars can be used to lure a Captain Morgan Rum distillery from Puerto Rico to the Virgin Islands, a project highly coveted for the tax revenue it promises.

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