Lobbyists and Crises
Is anybody 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.