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It seems to me that to do something like this, you'd need the people who stand to benefit most financially to regulate against their own financial interests. Th
by ssklash 4y ago
It seems to me that to do something like this, you'd need the people who stand to benefit most financially to regulate against their own financial interests. The public interest should come first, but it rarely seems to.
- germinalphrase 4y agoI have no idea if this is true, but one story that I’ve read about Joseph Kennedy Sr. (JFK’s father), is that he took all the dirty tricks he learned on Wall Street (and on which he made his family fortune) and essentially traded that knowledge for political power becoming the first chairman of the SEC.
- anamax 4y ago> The public interest should come first, but it rarely seems to. "Should" is a wish, in this case by an outsider. The "public interest" is not in the interest of any of the participants.