- Prison Planet.com - http://www.prisonplanet.com -
Banks with political ties got bailouts, study shows
Posted By admin On December 22, 2009 @ 4:31 am In Money Watch | Comments Disabled
Tuesday, Dec 22nd, 2009
U.S. banks that spent more money on lobbying were more likely to get government bailout money, according to a study released on Monday.
Banks whose executives served on Federal Reserve boards were more likely to receive government bailout funds from the Troubled Asset Relief Program, according to the study from Ran Duchin and Denis Sosyura, professors at the University of Michigan’s Ross School of Business.
Banks with headquarters in the district of a U.S. House of Representatives member who serves on a committee or subcommittee relating to TARP also received more funds.
Political influence was most helpful for poorly performing banks, the study found.
“Political connections play an important role in a firm’s access to capital,” Sosyura, a University of Michigan assistant professor of finance, said in a statement.
“When the people find they can vote themselves money, that will herald the end of the republic.” – Fall Of The Republic – Buy the DVD here 
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/banks-with-political-ties-got-bailouts-study-shows.html
URLs in this post:
 Reuters : http://www.reuters.com/article/idUSN2124009320091221?type=marketsNews
 Buy the DVD here: http://infowars-shop.stores.yahoo.net/faofreprofba.html
Copyright © 2013 PrisonPlanet.com. All rights reserved.