9 of 11
BACKNEXT
Zero: Ed Yingling
President/CEO, American Bankers Association

"When the capital program was announced, the headlines read 'Bank Bailout' when clearly it was not. To my knowledge, no one in the banking industry requested a capital program, and the ABA certainly did not." -- Testimony before House Committee on Financial Services, Nov. 18, 2008

The face of the ABA, Yingling spent much of 2008 railing against banking regulation in any form - in a year when it became crystal clear that more, not less, regulation is crucial to repair the U.S. financial system.

One of the most powerful lobbyists in Washington, he poured his energies into blocking efforts by Congress and the Federal Reserve to curb egregious credit-card practices, such as unexpected hikes in interest rates on pre-existing card balances and imposing interest charges on two account periods, also known as double-cycle billing.

In May, he called the Federal Reserve's credit card reform proposal (expected to be enacted in 2009) "an unprecedented regulatory intrusion." Speaking before Congress in October about proposals to beef up banking regulation, Yingling called the system for regulating banks "resilient" and warned that new regulatory policies could stifle lending.

We'll take our chances. --D.R.

NEXT: Zero: Angelo Mozilo
Last updated December 12 2008: 6:01 AM ET
More Galleries
Novelty gifts for people with money to burn For those who've got the cash, these holiday gifts can really make a statement. More
The best stocks of 2014 This year has been very solid for stocks, but these 6 were the best of the S&P 500. More
14 biggest tech fails of 2014 2014 was chock-full of big failures in technology, from security snafus to executive gaffes. Here are the top ... er ... bottom 14. More

Special Offer

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.