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Regulatory capture is a wonderful thing isn't it? They cry "too much regulation!" when the city goes after them and then "not enough!" when the regulations are
by vikramkr 7y ago
Regulatory capture is a wonderful thing isn't it? They cry "too much regulation!" when the city goes after them and then "not enough!" when the regulations are in their favor.
- supermanfan 7y agoWhat you're describing is irony. Regulatory capture is when a company gains control of their regulator through bribery or promise of jobs. For example, if you look at Wall Street's regulators, the most powerful are former financiers. Which is why any effort to impose fiduciary rules on brokers (ie. salesmen) is doomed. aka "Where are the Customers' Yachts?"