Thread: IMF: Riskiest Mortgage Lenders Biggest Lobbyists

IMF: Riskiest Mortgage Lenders Biggest Lobbyists (in Washington):
http://moneynews.com/StreetTalk/IMF-Ris ... /id/345090

I cannot copy this copyrighted story.

Here it is:

Moneynews
IMF: Riskiest Mortgage Lenders Biggest Lobbyists
Thu, 31 Dec 2009 10:14 AM
By: Julie Crawshaw

In its new "A Fistful of Dollars" report, the International Monetary Fund concludes that the riskiest mortgage lenders were also the most active lobbyists in Washington.

IMF researchers found that during 2000 to 2007, lenders lobbying more intensively on mortgage-related legislation — such as consumer protection laws and securitization — made more hazardous mortgage loans than those who lobbied less.

“These results suggest that lobbying may be linked to lenders expecting special treatments from policymakers, allowing them to engage in riskier lending behavior,â€

Thank you, Mayday.