The Hidden Revolving Door
Posted at 8 a.m. on Feb. 21
Much has been made of the various conflicts of interest holding back regulatory agencies like the Securities and Exchange Commission, but NYT DealBook points out a less noticed and equally influential revolving door: “the real targets are regulators and staff members for lawmakers.”
“Take what happened late last month as Washington geared up for more fights about the taxing, spending and the deficit. The Senate majority leader, Harry Reid… appointed Cathy Koch as chief adviser to the majority leader for tax and economic policy… Ms. Koch arrives at the senator’s office by way of General Electric.”
“By the way, no rules prevent Ms. Koch from meeting with G.E. or working on issues that would affect the company.”
