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There used to (currently?) be a revolving door between bank regulators and banking industry. Bank regulators would “retire” after a deregulation push then bank
by xyst 3y ago
There used to (currently?) be a revolving door between bank regulators and banking industry.
Bank regulators would “retire” after a deregulation push then banking industry would so happen to hire that same person as some midlevel executive or director. GS was infamous for this [1]
Wonder if we see the same between telcos/major ISPs and FCC
[1] https://web.archive.org/web/20140220160810/http://www.nytimes.com/2008/10/19/business/19gold.html https://web.archive.org/web/20140220160810/http://www.nytime...
[2] https://en.m.wikipedia.org/wiki/Revolving_door_(politics) https://en.m.wikipedia.org/wiki/Revolving_door_(politics)
- wmf 3y agoAjit Pai went from DOJ antitrust to Verizon back to DOJ and then to the FCC.
- supertrope 3y agoAn FCC commissioner voted for the NBC Comcast merger and then took a job at Comcast. https://archive.nytimes.com/mediadecoder.blogs.nytimes.com/2011/05/13/f-c-c-commissioner-defends-taking-comcast-job/ https://archive.nytimes.com/mediadecoder.blogs.nytimes.com/2...