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For sure. Good point about the contractors hiring generals. There are lots of different revolving doors in different industries.

If you work at a major investment bank, why would you speak out against government regulation of your industry when you might need a bailout some year in the future?

If you work at a government regulator (e.g. the SEC), why would you regulate the industry too hard when they are going to be your biggest source of consulting fees after you leave your government employment?

For example, Bernie Madoff's brother was a director of SIFMA (Securities Industry and Financial Markets Association) for two years.

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