The Logical Leftist
The Logical Leftist
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Study reveals another way Wall St. gains influence in Congress

Posted

August 24, 2016

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"It is good to be king, as the old saying goes — and apparently it’s also good to get a seat on a congressional committee that oversees the finance industry. According to a new study, those lawmakers tend to get larger loans and at more favorable interest rates right when they get appointed to those powerful panels. Researchers suggest the evidence is no random coincidence: They say the trend may in fact expose a conduit of influence peddling in which powerful lawmakers are using their position to extract favors — and whereby Wall Street firms may be using stealth perks to increase their legislative power."

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Study reveals another way Wall St. gains influence in Congress · The Logical Leftist · Sentinel