At New York Post: Too complicated for rookie regulators: Wall Street

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There’s a revolving door between Washington and the banks it regulates, and it leads to toxic conflicts of interest and scandal, a consensus on Capitol Hill believes.

By John Aidan Byrne, New York Post



“There are several ways to look at it, and one is this — you need expertise to provide oversight,” Ed Moy, former special assistant to President George W. Bush for presidential personnel, told The Post.

“I wouldn’t, for example, hire a physician to provide regulatory oversight over the banking industry. I would want some expertise either on the inside or on the outside,” added the ex-government official, who later served as director of the US Mint.




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