Quote from: pleaseexplain on May 20, 2015, 10:59:46 PM

Quote from: gentlemand on May 20, 2015, 10:22:20 PM

An interesting detail from here

http://www.bloomberg.com/news/articles/2015-05-20/bank-regulator-lawsky-to-exit-with-new-york-6-billion-richer

Ben Lawsky stands down as New York's financial supernintendo

'The 45-year-old regulator plans to set up his own consulting firm in New York, advising financial institutions on matters related to technology, cybersecurity and virtual currency.'

Teensy conflict of interest there. He creates the problem and then charges for the solution.

agree. normally where you are the decision-maker/rule settter in a field you cannot go back into the market place eg judges cannot practice again, auditors-general cannot practice again and I think ombudmen cannot set up offering advisory etc services after they finish their term.

it is not a good look - but sadly the financial sector often seem to work by a different set of rules.

Well, Wall St. owns the SEC and appoints every U.S. Treasury Secretary so what else is new. Nothing surprising here, just business as usual.