A Fistful of Dollars : Lobbying and the Financial Crisis

Lobbying and the Financial Crisis

A Fistful of Dollars : Lobbying and the Financial Crisis
Using detailed information on lobbying and mortgage lending activities, we find that lenders lobbying more on issues related to mortgage lending (i) had higher loan-to-income ratios, (ii) securitized more intensively, and (iii) had faster growing portfolios. Ex-post, delinquency rates are higher in areas where lobbyist' lending grew faster and... READ MORE...

Publication date: December 2009
ISBN 9781451874327
$18.00

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