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It's our entire structure and system which has now become corrupt - Big Connected Banks got the bailouts .. SO?
1 day ago ago from Villagers with Torches
From the University of Michigan's Ross Grad School of Business website: ANN ARBOR, Mich. -- Banks with strong political connections were more likely to receive bailout money from the government -- and more of it -- in the past year than those with weaker ties, say Ross researchers. A new study by Ross professors Ran Duchin and Denis Sosyura found that banks with connections to members of congressional finance committees and banks whose ...
Related contentCorrupt Politics and Imprudent Bailouts are Two Peas in Same Pod
8 hours ago ago from Kangarootail.com
In a study that confirms what anyone with common sense already knew, Banks with political ties got bailouts . 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 ...
Related contentLong live Democracy and Capitalism
18 hours ago ago from The Profit Motive
While it is generally accepted that we have the best politicians money can buy and that who you know is much more important than what you know. Another long suspected unhealthy relationship, generally accepted as true but never proven. Meaning the revolving door between big business, particularly the finance sector, and big government. We now have a study by professors Ran Duchin and Denis Sosyura of the University of Michigan Ross School of ...
Related contentUniversity of Michigan Study Confirms Link Between Financial Bailout and Corruption
16 hours ago ago from International Liberty
Since Senators engaged in open extortion and bribery to enact Reid's government-run healthcare plan, it is hardly newsworthy that Washington is riddled with Corruption. But the magnitude of sleaze is probably far greater than most people realize. There is a new study from a couple of academics at the University of Michigan, who found significant relationships between lobbying and bailout money, as well as a greater chance of getting bailouts ...
Related contentBribes Beget Big Bucks
15 hours ago ago from piglipstick
Act shocked. Banks with political ties got bailouts, study shows " NEW YORK (Reuters) – 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, ...
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WIRE WATCH: Obama Meets With Bankers, Assessing How to Pay for Afghanistan, Latest Quinnipiac Poll, First Lady Visits Childrens Hospital - Washington Wire - WSJ
20 hours ago ago from Wall Street Journal
By Susan Davis Take it to the Bank : President Barack Obama will meet today at the White House with executives of small and community banks to discuss the economic recovery. As The Wall Street Journal reports today, an internal battle is brewing among two key banking groups, the American Bankers Association and the Independent Community Bankers of America, over how to deal with pending legislation that seeks to revamp how the U.S. regulates ...
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