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Barry Ritholtz writes on his Big Picture blog today about a University of Michigan study published yesterday showing banks that had deep connections with Washington got a bigger slice of U.S. bailout funds this past year — a filing that Ritholtz greets with “Duh!”
“Banks with an executive who sat on the board of a Federal Reserve Bank were 31% more likely to get bailouts through TARP’s Capital Purchase Program,” the authors, Ran Duchin and Denis Sosyura, write.
For more, see the U of Michigan press release on the report here.
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