Regret the Error

Merrill Lynch spent $1.2 million on federal lobbying in the third quarter of 2008, $920,000 in the second quarter and $1.3 million in the first quarter of the year. Morgan Stanley spent $690,000 on such lobbying in the second and third quarters of 2008, up from $600,000 in the first quarter. Wells Fargo spent $515,740 lobbying in the third quarter of 2008 and $530,000 in the second quarter. A U.S. News article Monday incorrectly said that Merrill Lynch spent $1.5 million in the third quarter, $1.2 million in the second quarter and $1.7 million in the first quarter; that Morgan Stanley spent $765,000 in the third quarter, $810,000 in the second quarter and $730,000 in the first quarter; and that Wells Fargo spent $655,740 in the third quarter and $640,000 in the second. Link