> except for a lack of oversight on the latter. It’s much easier for regulators to penalise a private sector actor than a public sector actor. Anything which m

> except for a lack of oversight on the latter. It’s much easier for regulators to penalise a private sector actor than a public sector actor. Anything which makes the public sector actor look bad can be perceived as an attack on the incumbent politicians, who’re usually the people who hired the regulators.