Too good Recent research, however, suggests that this may no - TopicsExpress

Too good Recent research, however, suggests that this may no longer be the case. Massachusetts Institute of Technology economist Daron Acemoglu and his colleagues found that when Timothy Geithner was nominated to be Treasury Secretary in 2008, Geithner-connected financial firms got an unusual boost in stock value. And just this month, when House Majority Leader Eric Cantor lost his primary election, Boeings stock tumbled. The good news? Investors think Boeing may lose its Ex-Im Bank privileges. The bad news? American companies now seem to rise and fall based on their political connections.

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