Banking regulators were watching out for the public good
Course:- Financial Management
Reference No.:- EM13891895

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The authors of the Financial Crisis Inquiry Report were not concerned that from 1999 to 2008, the financial sector expended $2.7 billion in reported federal lobbying expenses; individuals and political action committees in the sector made more than $1 billion in campaign contributions because the banking regulators were watching out for the public good.

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