Congressional Influence as a Determinant of Subprime Lending

A relatively unforeseen implosion in housing markets figured prominently in the 2007 meltdown in capital markets and the subsequent downturn in the global economy. This column presents new research on the political geography of subprime lending. Congressional leaders – as well as other recipients of campaign contributions – may have benefited from gains to trade [...] View the full post at: Congressional Influence as a Determinant of Subprime Lending Related posts: Global Lending Contraction Continues Obama’s Subprime Refinance Program JPMorgan, Citigroup Expand in Jumbo Lending