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You don't really. The question that the revolving door complaint raises is whether these people can competently perform in these regulatory positions without b
by bduerst 11y ago
You don't really.
The question that the revolving door complaint raises is whether these people can competently perform in these regulatory positions without bias.
The solution isn't picking different people, it's transparency and enforcing the checks and balances. Articles like this are important, because the SEC is notoriously bad at being transparent (getting a D- on FOIA) and it exists as an independent agency in the executive branch.
- wldcordeiro 11y agoI dig your solution as well as some kind of limitations on "crossing the aisle" once you've gone over. Like former regulators have to have n years out of the job before being legally allowed to work for financial institutions or other ways to add distance and disincentive lenient regulation.
- whatok 11y agoI have issues with employment restrictions, more on the public to private transition. A public sector job in almost any fashion is not going to pay as much as a private sector finance job. n years is overly punitive for someone who is likely not paid very well to begin with. Let's say you reduce it down to jobs only above a certain level. You will absolutely see a shift in how people pursue promotions and probably introduce a disincentive to even enter the field at a senior level.