It’s very simple, really. Politicians are more loyal to the banks than to the people. The banks and the politicians conspire to seize assets from us.
“NEW YORK, Dec 21 (Reuters) – U.S. banks that spent more money on lobbying were more likely to get government bailout money, according to a study released on Monday.
“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.
“Banks with headquarters in the district of a U.S. House of Representatives member who serves on a committee or subcommittee relating to TARP also received more funds.”
Read more at Reuters.