Big Government Means Big Corruption (especially when the Clintons are involved)
August 20, 2016
Back in 2009, I shared some academic research showing the unsavory link between lobbying expenditures and bailout cash from TARP.
Just in case anybody naively thinks that such distasteful favor-swapping no longer occurs, here’s some more evidence. A column in the International Business Timessummarizes some new scholarly research, once again showing the corrupt nexus between big government and the financial sector.
…analysis from London Business School professors Ahmed Tahoun and Florin Vasvari analyzed how the personal finances of congressional lawmakers changed once they were appointed to the Senate Finance Committee, the Senate Banking Committee or the House Financial Services Committee. It also evaluated how their finances compared with other lawmakers who are not on those panels. …the researchers found that finance committee members’ personal borrowing tended to jump in the first year they were appointed to the panels — a trend not seen for other lawmakers who were given seats on…
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