[MtnClimber]

It is difficult to read these chapters where all the losers are going into government bureaucracy. This at the same time as we are getting “serviced” by Barney Frank of the Financial “Services” Committee.

[RegulatorCountry]

Franks is straight out of Rand central casting, isn’t he? The very picture of a putty-butted, weakling secondhander with borrowed power to wield.

[Publius]

It is difficult to read these chapters where all the losers are going into government bureaucracy.

Once upon a time, people who went into government service did so after an illustrious career in the private sector. It was a way to cap a great career.

Today people go into government service first and then use that service as a springboard into the private sector. Often they end up working for companies they should have been investigating when they were working for the government. This is why there is so much endemic corruption in Wall Street and the financial industry. The players bought the government years ago, and party affiliation has nothing to do with it.