It’s known as the “revolving door” – the steady stream of government officials and regulators going to work for companies in the industries they previously regulated, and then back again. At a recent Congressional hearing GOP Congressman Trey Hollingsworth yukked it up with representatives of different big banks about his aide who would soon be taking a job with Bank of America, one of the very banks she and her boss was ostensibly in charge of regulating.
Jimmy and America’s comedian Kurt Metzger discuss the “revolving door” phenomenon and how even those government officials who find the practice “gross” do little to nothing to stop it.
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