The lobbying-TARP bailout connection

Who got government bailouts and why?  The Times reports.

U.S. banks that spent more money on lobbying were more likely to get government bailout money, according to a study released on Monday, Reuters reported.

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, professors at the University of Michigan’s Ross School of Business.

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