Yes. I cited the financial industry for a reason. In reference to your previous question, along with the obvious brute fact of the fines not escalating for the

Yes. I cited the financial industry for a reason. In reference to your previous question, along with the obvious brute fact of the fines not escalating for the same infraction over time, I would take a first stab at an answer being that the stronger the "revolving door" the less likely the fines are to be serious. Note that just a one way industry -> regulator won't necessarily produce this effect, because in that situation a regulator can still want to flex by producing meaningful fines. But the more the cycle is industry -> regulator -> and back to industry, the more the regulator is going to be thinking in terms of what will come around when they're in the industry again.