Meanwhile, a new study shows the top twenty-five companies responsible for subprime mortgages spent nearly $370 million in lobbying over the past decade. According to the Center for Public Integrity, the companies originated an estimated $1 trillion in subprime loans between 2005 and 2007. Most of them are now out of business.
Study: Subprime Firms Spent $370M on Lobbying
HeadlineMay 07, 2009