One of the major criticisms of Administrative Agencies is that “the need for specialized expertise in a given area can usually only come from the industry being regulated.” We can see this by the number of former Wall Street executives working for and heading the SEC or the United States Treasury or former pharmaceutical executives working for a heading the FDA. What do you think about this practice? Provide examples to defend your viewpoint.
One of the major criticisms of Administrative Agencies is that “the need for specialized expertise in a given area can usually only come from the industry being regulated.” We can see this by the number of former Wall Street executives working for and heading the SEC or the United States Treasury or former pharmaceutical executives working for a heading the FDA. What do you think about this practice? Provide examples to defend your viewpoint.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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One of the major criticisms of Administrative Agencies is that “the need for specialized expertise in a given area can usually only come from the industry being regulated.” We can see this by the number of former Wall Street executives working for and heading the SEC or the United States Treasury or former pharmaceutical executives working for a heading the FDA. What do you think about this practice? Provide examples to defend your viewpoint.
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