2/15/2023 0 Comments Regulatory captureYou won’t see a more brazen example of regulatory capture anywhere. That story blew up recently in a remarkable public appearance by Bowden, in which the would-be enforcement official cravenly compliments the industry he supposedly polices and then - get this - jokingly puts forward his own son as a candidate for a job in private equity. This is courtesy of Yves Smith over at Naked Capitalism, who’s been following the strange story of SEC Examination chief Andrew Bowden’s evolving position on financial corruption for a while.
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