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Cutter Advising BofA on How to Push Back on Break-Up Efforts

FLASHBACK 2012: 'Beating back fierce lobbying by the big banks' was 'the right thing to do'

Former deputy Obama campaign manager Stephanie Cutter is now advising Bank of America on how to push back against efforts to break up the big banks and other issues, the Wall Street Journal reported Thursday.

Cutter, who served as counselor to the Treasury secretary for the first few months of the Obama presidency, last year praised the president's antagonistic approach to the big banks.

"It wasn't always politically popular, but it was the right thing to do, from saving the auto industry, or beating back fierce lobbying by the big banks and Wall Street to pass Wall Street reform," she told PBS NewsHour in September, describing some of the "tough decisions" the president made in office.

Since the election, Cutter has gone into freelance corporate consulting, the New Republic reported last month.

She also sits on the board of President Obama's dark money group, Organizing for Action, which has said it will reject donations from corporations and lobbyists.

The "nonpartisan" nonprofit has drawn scrutiny for its 2014 plans, lobbying registration in the state of New York, and reported schemes that would grant donors who give above certain thresholds different kinds of access to the president.

Published under: Stephanie Cutter