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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (251195)	6/1/2010 12:20:34 PM
From: ChanceIs	Read Replies (2) \| Respond to of 306849

>>>The lifelong bureaucrats and career scientists were being overruled by political appointees.<<< The revolving door is endemic and probably can't be undone, and perhaps shouldn't. Face it. Government decisions are becoming more and more complicated. The unintended consequences are huge. The government has to have a staff of extremely competent technical/economic experts. From where will they come? How can industry interface with the government to tell its view of things. The back and forth exchange is a healthy thing. BUT. It requires moral stature to rival that of J. Christ. Other than that, if you want to be in the revolving door business, you had best be willing to be financially strip searched every so often. A little like professional athletes and drugs. I was a formal Registered Representative for a while aka Investment Adviser aka broker. I had to pass a somewhat tough exam. But you had best believe that the FBI has my fingerprints and we would get periodic unannounced audits. These revolving door cats should be grateful for their career opportunities and realize and appreciate the high stakes decisions they make for the populace, and therefore be willing to drop their drawers every so often - and get slammed in jail if the prostate isn't looking too healthy (sorry - couldn't think of a unisex analogy). I have seen revolving doors up close in all of it: drugs, nuclear plants, securities, electricity, and oil and gas. It is a little like the credit ratings agencies. They want to eat but he who pays them is the entity being rated. Life is strewn with conflicts of interest. Best that we all go to a formal house of worship once a week and contemplate what happens if each of us says to ourselves - I will only cheat a little - and it will only be me - and it can't do too much harm - and I won't really affect the culture in a negative way. When Julius Caeser didn't like the way things were going for him, he crossed the Rubicon with his army, an act of high treason. He got away with it. When George Washington was done fighting the Revolutionary War, he marched into Congress and handed it his sword. Face it. He could have been the first dictator if he wanted and everybody would have ben glad to have him. We were all better off for his example of homage to the state. Too bad that isn't taught in kindergarten any more - or valued as it should be.