{"id":183495,"date":"2013-02-12T19:24:00","date_gmt":"2013-02-13T00:24:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2013\/02\/12\/least-surprising-study-discovery-ever\/"},"modified":"2013-02-12T19:24:00","modified_gmt":"2013-02-13T00:24:00","slug":"least-surprising-study-discovery-ever","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2013\/02\/12\/least-surprising-study-discovery-ever\/","title":{"rendered":"Least Surprising Study Discovery Ever"},"content":{"rendered":"
<\/a> I’m shocked, shocked to find that gambling is going on here!<\/span><\/div>\n

The Project on Government Oversight (POGO) has completed a study that shows that the revolving door at the SEC may have short circuited effective regulation<\/a>:<\/p>\n

Former U.S. Securities and Exchange Commission staffers who now work in the private sector may have helped derail last year’s effort to reform the $2.6 trillion money market fund industry, according to a report released on Monday.<\/span>

<\/span>The case study on money market fund lobbying is part of a 60-page report by the Project on Government Oversight (POGO). It is one example within a broader review by the non-profit government watchdog that examines in detail how the “revolving door” at the SEC may have impacted policy and enforcement decisions over a 10-year period.<\/span>

<\/span>The publication of the report comes a few weeks after President Barack Obama nominated Mary Jo White, a former prosecutor and high-profile white collar defense lawyer, to lead the SEC.<\/span>

<\/span>While White’s nomination has generated little controversy so far, some have questioned whether her past defense of Wall Street executives could impact how she does on the job.<\/span>

<\/span>“The revolving door is deeply embedded at the SEC and throughout the federal government,” the report said.<\/span>

<\/span>“The close linkage between the regulators and the regulated can influence the culture, the values and the mindset of the agency – not to mention its regulatory and enforcement policies.”<\/span><\/p><\/blockquote>\n

Well, duh.<\/p>\n

But this is not an unfortunate linkage, it is bribery.  If you are a regulator, you know for a fact that when you leave public service, if you have played nicely with the finance industry, and haven’t murdered a prostitute, that you will get a job that would make you set for life in just a couple of years.<\/p>\n

I’m not sure how to put an end to this, but a way needs to be found to stop this.<\/p>\n","protected":false},"excerpt":{"rendered":"

I’m shocked, shocked to find that gambling is going on here! The Project on Government Oversight (POGO) has completed a study that shows that the revolving door at the SEC may have short circuited effective regulation: Former U.S. Securities and Exchange Commission staffers who now work in the private sector may have helped derail last …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970,975,1004,985],"tags":[],"class_list":["post-183495","post","type-post","status-publish","format-standard","hentry","category-corruption","category-employment","category-finance","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/183495"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=183495"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/183495\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=183495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=183495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=183495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}