Bombarded by Basel: Contentious Capital Rule Brings Out Critics and Supporters in Force

A close look at both sides' views as comment period ends

Almost from the day it was issued by bank regulators last summer, the industry has been waging a multi-front campaign against the Basel endgame plan. Firms and their D.C. advocates have spared little expense, lobbying lawmakers, running television ads and hiring prominent lawyers to telegraph the inevitable lawsuit. Now, the frenzy shifts to a more stai…