Politico is reporting that the financial services industry has lost about 600 registered lobbyists this year with the economic meltdown. But, the amount of money being spent on financial services lobbying is actually up from last year. So in general, the remaining bank lobbyists are actually making more money now, despite the crashed economy!
In 2008, before the bank failures, less money was being spent lobbying Congress but, astonishingly, this year after taxpayer funds were used to bailout the banks they are spending more money lobbying the federal government. Here is a clip from Politico's report: