$1 Of Lobbying Money Made Banks $500 in Bailout Funds

1:59 pm - Mon, Oct 3, 2011: 120 notes

$1 Of Lobbying Money Made Banks $500 in Bailout Funds

According to a new study, for every $1 banks spent lobbying they received about $500 bank in bailout funds through the Troubled Asset Relief Program. Banks who spent money on lobbying were 42% more likely to receive bailout funds.

We talked with one of the authors of the study about what this means for lobbying and the Super Committee and where they plan to go from here with their data. Read the whole interview on the POGO blog.