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RE: Legal Corruption, The Massive Revolving Door Problem Between Regulators and Wall Street

in #money6 years ago

I know this is an older article, but I must comment on it.

The reason they won’t pass is because the banks have a collective interest in not letting these types of laws get created and will lobby them until they get struck down. In addition many of the legislators who we elected to create these types of laws are also the largest offenders of the revolving door policy. What we can do right now is try and publicly shame those who participate in the open door policy and make it clear when electing new officials.

You are right on both counts. The reason many things won't change is because of the $$$ that is involved and those who can change it are perpetrating it. This happens in many areas of law, not just the SEC and Wallstreet.

Publicly shaming the behavior is absolutely the right thing to do. If people aren't aware that they are getting screwed, they won't call attention to it. Those that are getting screwed, need to keep talking and sometimes TALK LOUDER.

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