The Payoff: Why Wall Street Always Wins – Capture, Careerism, and Corruption
Courtesy of Jesse's Cafe Americain
The reason why no major Wall Street executives are being investigated and indicted, and why the manipulation of markets continues on, is part credibility trap and the rest capture, careerism, and corruption.
The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery.
Jeff Connaughton served in the White House as Special Assistant to the Counsel to the President in 1994-95, where he worked on a variety of legislative, regulatory and constitutional issues.
He previously served from 1988 to 1991 on the staff of then Chairman Joseph R. Biden, Jr., of the Senate Judiciary Committee.
Jeff Connaughton co-founded a lobbying firm specializing in university research for The Science Foundation, Quinn Gillespie & Associates LLC, in 2000 and serves as its Principal.
