Winning Connections? Special Interests and the Sale of Failed Banks

Winning Connections? Special Interests and the Sale of Failed Banks
We study how lobbying affects the resolution of failed banks, using a sample of FDIC auctions between 2007 and 2014. We show that bidding banks that lobby regulators have a higher probability of winning an auction. In addition, the FDIC incurs higher costs in such auctions, amounting to 16.4 percent of the total resolution losses. We also find... READ MORE...

Publication date: November 2017
ISBN 9781484330104
$18.00

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