Is America Becoming a Third World Country?

A recent study by the London Business School (LBS) examined more than 7,300 instances when U.S. corporations issued significant corrections to their financial statements between 1996 and 2006.  The LBS study cross-referenced these restatements with campaign contributions and lobbying expenditures by the firms and their executives. It found that ‘politically connected firms are on average less likely to be involved in an SEC enforcement action, and face lower penalties if they are prosecuted by the SEC.’ Specifically, firms that increased their political contributions by $1 million over five years cut their chances of being prosecuted in half.”

http://thesovereigninvestor.com/asset-protection/is-america-becoming-a-third-world-country/

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