Metal Guitarist Forums banner

1 - 4 of 4 Posts

·
Read Only
Joined
·
7,880 Posts
Discussion Starter · #1 ·
Nothing we didn't already know really, but if you feel like getting depressed it's a good read.

Why Isn't Wall Street in Jail? | Rolling Stone Politics

How do we go about fixing the revolving door problem? I don't think the government can afford to offer SEC agents competitive enough salaries to keep them out of the private sector, so do you ban them from going to work for the banks for a few years after they leave or something?
 

·
I am Groot
Joined
·
32,450 Posts
The fix is publicly-funded elections. If politicians don't have to raise money, and lobbying is illegal, then they cannot be bought by large corporations. If they cannot be bought, then you get real regulation and oversight, and real judges who don't let them skate through on ridiculous technicalities. The last presidents that were really tough on financial speculators were John Adams and Thomas Jefferson.
 

·
Read Only
Joined
·
7,880 Posts
Discussion Starter · #3 ·
Truth. I would imagine also that actually having some sort of reasonably progressive tax system where wealthy individuals and corporations pay an appropriate amount of taxes might leave them with somewhat less obscene sums of money to throw around buying off the regulators. But that's socialism or something.
 

·
Banned
Joined
·
7,428 Posts
Wirelessly posted (A Destroyer of short people: Mozilla/5.0 (iPhone; U; CPU iPhone OS 4_2_1 like Mac OS X; en-us) AppleWebKit/533.17.9 (KHTML, like Gecko) Version/5.0.2 Mobile/8C148 Safari/6533.18.5)

noodles said:
The fix is publicly-funded elections. If politicians don't have to raise money, and lobbying is illegal, then they cannot be bought by large corporations. If they cannot be bought, then you get real regulation and oversight, and real judges who don't let them skate through on ridiculous technicalities. The last presidents that were really tough on financial speculators were John Adams and Thomas Jefferson.
This, lobbying using cash like that should be illegal.
 
1 - 4 of 4 Posts
Top