Bank Lobbying Correlated with Risky Loans and Poor Performance
Posted by: Adam Lioz
Date: 1/6/2010 3:56 pm
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The Guardian reports that a new study by the International Monetary Fund (IMF) finds that U.S. banks that spent more money on lobbying against sensible financial regulations made more risky loans and had worse bottom line performance.

Interesting development that underlines the case for sensible regulation of Wall Street.

Thanks to Uriah at Center for Responsible Lending for the pointer.

 

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