Comments on: The Political Economy of the U.S. Mortgage Default Crisis

By: Steve Verdon

Steve Verdon — Fri, 05 Dec 2008 08:20:30 +0000

I'm sick of the influence that constituents have over our members of congress, it's just disgusting that our representatives will do whatever the voters want them to do. What the hell kind of Democracy are we running here anyway?

I dunno, ask Ododgraph he seems to be of the opinion that if we came up with a really great solution to the economic crisis politicians would be more than happy to slit their own throats...metaphorically speaking of course.

By: Michael

Michael — Fri, 05 Dec 2008 02:45:38 +0000

We find evidence that constituent interests and special interests influence voting patterns during the crisis. Representatives from districts experiencing an increase in mortgage default rates are significantly more likely to vote in favor of the AHRFPA.

I'm sick of the influence that constituents have over our members of congress, it's just disgusting that our representatives will do whatever the voters want them to do. What the hell kind of Democracy are we running here anyway?

By: Dave Schuler

Dave Schuler — Fri, 05 Dec 2008 00:40:06 +0000

It's the quantification of it that's most fascinating. The ROI on lobbying and big campaign donations is fantastic.