Capturing a Federal Agency

[kyzr]

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.

 

[Toro]

Without a doubt.

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

 

[Oddball]

No more than Tessio and Clemenza "capture" the Godfather's rackets.

 

[PLYMCO_PILGRIM]

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.

Great Idea

 

[rightwinger]

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

 

[Shorebreak]

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

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.

 

[saveliberty]

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

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.

 

[Oddball]

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

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