Big Data Exposes How Politically Connected Traders Cashed In During the Financial Crisis
▻http://www.ibtimes.com/political-capital/big-data-exposes-how-politically-connected-traders-cashed-during-financial-
“Many defenders of finance in the recent crisis suggest that the giant institutions were really taken by surprise when the bubble popped,” said the researchers. “Our results suggest that insiders understood the heavy risk-taking in their banks; They were not simply over-optimistic, and hence they sold more of their own shares before the crisis.”