Credit: Stuart Gabriel, Matthew Kahn, Ryan Vaughn
Economics, Financial Services, Pethokoukis

A study in crony capitalism: Subprime lenders offered better deals to borrowers in districts of congressional big shots

UCLA researchers have found that leading up to the Financial Crisis, subprime lenders employed a novel method of influencing the political process. In addition to campaign contributions to key politicians, they gave special treatment to borrowers represented by key congressional … read more >