The Secret Goldman Sachs Tapes
Probably most people would agree that the people paid by the U.S. government to regulate Wall Street have had their difficulties. Most people would probably also agree on two reasons those difficulties seem only to be growing: an ever-more complex financial system that regulators must have explained to them by the financiers who create it, and the ever-more common practice among regulators of leaving their government jobs for much higher paying jobs at the very banks they were once meant to regulate. Wall Street's regulators are people who are paid by Wall Street to accept Wall Street's explanations of itself, and who have little ability to defend themselves from those explanations.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Trump's Judgment Is Debatable. His Sanity Is Not.
- America's Adversaries Get It: Trump Can Be Ignored
- What a Middling Uber Rating Might Say About You
- Democrats' Next Tax Victory Is Worth the Wait
- The End of Net Neutrality Isn't the End of the World
- Never-Trumpers Never Agree About Anything Else
- The Blockchain Might Scare the Gig Economy to Death