Money in Politics

[RedDenver]

How much does a congressional vote cost?

[TGHusker]

It costs good governance.

 

(this quote Is probably true of most repubs as well)

 

While one could argue that this indicates Democrats who knew more about the industry were more likely to vote for undoing financial regulations, Ferguson has a more cynical interpretation. He points to research published last year by the Institute for New Economic Thinking that found that members of Congress take out more loans with more favorable interest rates when they are appointed to finance committees, a pattern that doesn’t appear across Congress generally. The trend is present only for legislators serving on committees responsible for overseeing the industry that hands out loans. The research dovetails with another study published last year that showed lawmakers who owned bank stocks were much more likely to vote for the 2008 bailout.

[RedDenver]

 

[RedDenver]

 

[Moiraine]

That explains some things. 

[RedDenver]

 

[RedDenver]

Oops, meant to put this in this thread:

 

[RedDenver]

 

[DevoHusker]

1 minute ago, RedDenver said:

 

 

I am assuming that Bloomberg's ill fated campaign spending is part of the reason...?

[RedDenver]

1 minute ago, DevoHusker said:

 

I am assuming that Bloomberg's ill fated campaign spending is part of the reason...?

Note: "by 2018"

[DevoHusker]

Just now, RedDenver said:

Note: "by 2018"

 

ope 

 

missed that, my bad. 

[RedDenver]

1 minute ago, DevoHusker said:

 

ope 

 

missed that, my bad. 

Haha, happens to us all.

[RedDenver]

 

[RedDenver]

 

[RedDenver]