Capturing a Federal Agency

Discussion in 'Politics' started by kyzr, Oct 27, 2009.

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Do you believe that an agency can be "captured"?

  1. Yes

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  2. No

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  1. kyzr
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    kyzr Gold Member

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    I was always concerned about how close-knit many Federal agencies seemed to be, especially Defense and the "revolving door" whereby a general gave one corporation a lucrative contract, and then retired to that company with a huge salary and benefits.

    However, after Bernie Madoff I learned that capturing an agency is so widespread that it actually is a corporate goal. Madoff bragged that he was going to be head of the SEC. Can you imagine the damage he would have done?

    I want Congress to pass laws that prohibit the "capture" of government agencies. I want the head of an agency to be independent and only one management level employee per company.
     
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  2. Toro
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    Toro Diamond Member

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    Without a doubt.

    The financial crisis was at least in part due to regulatory capture by Wall Street and the big banks.
     
  3. Oddball
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    Oddball Diamond Member Supporting Member

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    No more than Tessio and Clemenza "capture" the Godfather's rackets.
     
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  4. PLYMCO_PILGRIM
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    PLYMCO_PILGRIM Gold Member

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    Great Idea
     
  5. rightwinger
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    rightwinger Award Winning USMB Paid Messageboard Poster Gold Supporting Member Supporting Member

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    The law is you cannot accept employment with a contractor that you had a substantial role in awarding a contract to for one year.
    If you were the decision authority you cannot work on that specific project ...ever
     
  6. Shorebreak
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    Shorebreak Active Member

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    The problem is that a corporated owned President (Like Bush, Obama, Clinton, Carter etc) isn't restricted from pulling a CEO or Board memebr and placing them in charge of an agency. Our government is 100% corporate controlled because that practice has no restrictions and zero media scrutiny.

    Who runs our government? The people? Nope - each department is 100% controlled by Wall $treet. Including our intelligence agencies.
     
  7. saveliberty
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    saveliberty Diamond Member

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    I think this should be modified to, can't return to the industry for three years after your service. You need qualified people in those agency positions. It is a double edged sword.
     
  8. Oddball
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    Oddball Diamond Member Supporting Member

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    Too bad Dianne Frankenstein didn't seem to have read that law.
     

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