In college, they teach a phenomenon called “regulatory capture,” where government regulators absorb the values and become buddy-buddy with the industries they regulate. It gets some of the blame for the great financial collapse more than five years ago.
But a prominent Wall Street lawyer H. Rodgin Cohen told a banking law conference in Phoenix the other other day that he doesn’t see capture—He sees the opposite, which he thinks is a problem.
Click the media player above to hear H. Rodgin Cohen in conversation with Marketplace Morning Report host David Brancaccio.
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?