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April 3, 2013

Revolving door debate heats up

The “revolving door” debate is in full swing as top officials from the Justice Department and regulatory agencies in recent weeks have decamped for the private sector.

Watchdog groups charge the moves are a prime example of a corrupt system where government experience and contacts are leveraged into lucrative paydays working for the industries these officials once oversaw.

“‘Nothing is more corrosive to the American people’s trust in government than when former senior public officials turn their so-called public service into multimillion-dollar riches unimaginable to almost all Americans,’ said Dennis Kelleher, president of Better Markets, a group that advocates for tighter regulation of the financial industry.”

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Read full Politico article here (subcription required)

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