Is anyone familiar with this study?
"The International Monetary Fund recently found that banks that spent
more to influence policy over the last decade were more likely to take
more securitization risks, have larger loan defaults and experience
sharper stock falls during crucial points of the crisis."
Cyran, Robert and James Pethokoukis. 2010. "Formidable Lobbyists." New
York Times (3 March): p. B 2.
--
Michael Perelman
Economics Department
California State University
Chico, CA
95929
530 898 5321
fax 530 898 5901
http://michaelperelman.wordpress.com
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