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There are times when I can't tell whether people are stupid or not, making comments like stopping employees of regulatory bodies seeking jobs at the companies t
by vfclists 12y ago
There are times when I can't tell whether people are stupid or not, making comments like stopping employees of regulatory bodies seeking jobs at the companies they regulate would amount to restriction of trade or non-compete clause or whatever.
How about saying that if FBI or DEA agents were banned from working or consulting for drug cartels and crime bosses after retiring that would be restriction of their employment prospects.
Are we living in some kind of twilight zone or is that what happens when debates a left to guys on HN?
Why can't American media simply call spades spades and simply come out and rather than say that Fed employees and bosses are simply weak and spineless, the simply say that they are corrupt and lacking in integrity?
In fact the media are the biggest problem here, because instead of calling out things at the right time they weasel around the whole issue and belatedly come out with 'startling new revelations' after the horse has bolted.
Why couldn't the Bloomberg journalists who revealed this information simply ask their employer about this? He could have told them about the Fed's dubiousness 30 years ago.