I find [former SEC Comissioner] Mary Schapiro morally repulsive,” [Nassin Nicholas] Taleb said, because there is an “implicit deal” whereby regulators such as Schapiro and [Alan] Blinder [ a Princeton University economics professor and former Federal Reserve vice chairman](and many others) “make regulations complex” and then “sell their services at a higher price when they go to the private sector.
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Monday, April 08, 2013
Taleb Smacksdown Revolving Door Government-Private Sector Opportunists
http://www.bloomberg.com/news/2013-04-07/where-bank-regulators-go-to-get-rich.html
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