4 ms·

And you'd like a banker running the SEC, of course?

• Broken_Hippo 10y ago
  With that position, I'd prefer co-chairs. For one, I'd prefer an economist with an intimate knowledge of banking, actually, who is paid a decent wage in hopes to better deflect corruption. For the other, a consumer rights specialist. Alternatively, a banker is acceptable, as is someone well versed in the ins and outs of banking - but of course, there is the little issue of bankers not exactly being trusted because of ... well, history.
  • trentmb 10y ago
    Perhaps a triumverate, the economist, consumer rights advocate, and a banker?
    • Broken_Hippo 10y ago
      That would work as well. Banking is an odd place, very ripe for corruption, self-gain, and one-sided vision. What is good for one side isn't necessarily good for the other. The main point is to balance some of these things and not wreck the economy in the process. There are some folks that are capable of balancing this stuff on their own, but there is no promise that these same individuals will go into public service - in fact, they might be more useful in other sectors. Just seems easier to have some balance by design.
• princeb 10y ago
  yes. experience and deep familiarity with the industry a person is regulating is extremely important. finance or not.