A law suit. But not the kind you may be thinking of. A suit who's a graduate of Harvard Law.
Mr. Kelleher, a Harvard Law School alumnus and a former partner at Skadden, Arps, Slate, Meagher & Flom — is a wisecracking, fast-talking operator who just happens to think that banks would devastate the economy if given the chance. ...NYT
Kelleher is one of DC's most effective (and powerful) lobbyists. He "does not work for banks. He works against them."
... Mr. Kelleher is the president of Better Markets, a nonprofit organization that pushes for a stringent interpretation of the Dodd-Frank financial regulatory law, which passed in 2010 but whose specific rules and regulations are currently the focus of an intense, complex and expensive behind-the-scenes battle.
Think of Better Markets as Occupy Wall Street’s suit-wearing cousin. ...NYT
The money that keeps Dennis Kelleher in business comes from inside the banking industry -- "from millions contributed by Michael Masters, an Atlanta-based hedge fund manager who believes that the markets are as imperfect as the people participating in them, and therefore need stricter rules."
Kelleher and Masters aren't particularly optimistic.
The odds remain against Better Markets and fellow public-interest advocates, Mr. Kelleher concedes.
“It’s a battle in which the Wall Street lobbying and public-relations machine will have a decisive advantage,” said [Ted] Kaufman, the former Delaware senator. “With the regulators, you don’t have to win. You just have to gum them up. And that is exactly what Wall Street has done.” ...NYT