All Posts Tagged With: "Regulatory Capture"
Elizabeth Warren’s Non Sequitur
Elizabeth Warren, who’s running for the U.S. Senate in Massachusetts, made quite a splash on the Internet with remarks to supporters in which she said: There is nobody in this country who got rich on his own. Nobody. You built a factory out there? Good for you. But I want to be clear: you moved [...]
30Nov2011 | Sheldon Richman | 17 comments | ContinuedThe More Things Change…
From the Washington Post: The president’s recently departed budget director is joining Citigroup. The New York Federal Reserve Bank’s derivatives expert is joining Goldman Sachs. And numerous investigators from the Justice Department and the Securities and Exchange Commission are joining Wall Street’s top law firms. The vast overhaul of financial regulations and the renewed intensity [...]
30Dec2010 | Sheldon Richman | 2 comments | ContinuedRegulatory Magic
President Obama has signed the financial industry regulatory overhaul – officially, the Dodd-Frank Wall Street Reform and Consumer Protection Act. Predictably, what he said about it cannot possibly be true.
23Jul2010 | Sheldon Richman | 15 comments | ContinuedHello? Ever Hear of Regulatory Capture?
Throughout the BP oil spill catastrophe it’s been tedious witnessing government officials’ expressing surprise on learning that the Interior Department’s Minerals Management Service has for years held the roles of both watchdog over and business partner with the oil companies in their drilling operations — and that this conflict of interest has kept the MMS [...]
20May2010 | Sheldon Richman | 0 comments | ContinuedRegulatory or Market Failure?
Freeman contributor Gerald O’Driscoll’s ThinkMarkets blog post on the failure of regulation in the current economic turmoil is worth reading. Here’s a taste: With the exception of health care, financial services is the most highly regulated industry in America (and, generally speaking, in all developed countries). No segment of the industry escaped regulation….We have witnessed [...]
22Jan2009 | Sheldon Richman | 0 comments | Continued-
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