Tuesday, April 12, 2011

If You're Rich You Must be Smart

link here to article

The title of this post is Robert Reich's explanation for why government puts so many Wall Streeters in key positions. Its probably more complicated than that. For example, lawyers who defend clients against actions brought by the SEC often spend some time in the SEC. The same thing happens in the IRS. Those who have both perspectives are more valuable. Wall Streeters are a good fit in the Treasury and former Treasury staff are sought by Wall Street. The nature of the game is influence peddling.

No comments:

Post a Comment