In the age of the bailout, blaming the revolving door between corporate lobbying and politics is so obvious that it has become almost cliche. But the reason why it is one of the greatest handicaps to our political system is critically important. The revolving door turns “survival of the fittest” on its head by masking failure, propping up underperforming companies, and hiding inefficiencies in the markets. The new study shows the extent to which political connections influenced how TARP bailout funds were paid out.
Revolving Door Brought Us Too-Big-To-Fail |
| By: tiffiniycheng Tuesday December 29, 2009 1:00 pm |
(Promoted by jasonrosenbaum - Some history of too big to fail, worth knowing.)


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