Like Your Conspiracy Theories? Enjoy this – Banks With Political Ties Got Bailouts
And this is not just mischievous journalists piecing together provocative evidence into an elaborate and sinister framework. It’s the results of a study done by professors at the University of Michigan’s Ross School of Business. Reuters via NYT: 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. Political influence was most helpful for poorly performing banks, the study …
And this is not just mischievous journalists piecing together provocative evidence into an elaborate and sinister framework. It’s the results of a study done by professors at the University of Michigan’s Ross School of Business.
Reuters via NYT: 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.
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.
That’ll have the x-filers twittering with excitement.
