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View Diary: Citigroup gave Lew $940K ONLY if he got a high-level government position (313 comments)

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  •  Agree with both of you.... (8+ / 0-)

    I'm not sure if you can actually pass a law that restrict people from taking government jobs in departments that would oversee your previous private sector employers. It might be a form restraint of trade. I don't know, I'm not a lawyer. But pass the damn law anyway, and let the courts sort it out.

    In practice, the administration could just make it a policy of the administration to not nominate people with such provisions, people who are the most egregious examples of the revolving door. Nothing suggests they're inclined to do this, though.

    •  You can stop the revolving door (7+ / 0-)

      It would be perfectly legal to prohibit government employees with regulatory power over companies or industries from having employment within those industries for a period of time, or to prevent them from having employment in or for those industries for an even longer period of time after leaving that position.  And this kind of shit should be a no-brainer to include:  no private compensation before or after government service contingent in any way on that service.

      This is one of many forms of legal corruption that should be made illegal.  But the people who write the laws benefit the most from that legal corruption, so I'm not holding my breath --not until the public clamor gets so loud even they can't resist it.

      Citizens United defeated by citizens, united.

      by Dallasdoc on Sat Feb 16, 2013 at 02:01:53 PM PST

      [ Parent ]

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