As the revolving door spins faster than ever between jobs in government and corporate America, information and who you know are the currency that gets you through the tollgate, information that paying clients then use for ever greater profits and a competitive edge.
The American Petroleum Institute (API), the powerhouse lobbying group for the oil industry, is pushing hard for actions that are not only explicitly against the interests of investors, but that bolster corrupt regimes in many foreign countries.
The U.S. Chamber of Commerce threw a little hissy fit last week, stomping its Gucci-shod feet over a new rule requiring corporations to report the difference in pay between their median workers and their CEOs.
The idea behind the JOBS Act is to jump-start growth, not to give fraudsters an easy way to fleece unwary victims. Reasonable finance professionals find the SEC's proposed rule amendments so ludicrous that the SEC seems to beg for a thorough housecleaning.
It turns out our own devotion to liberty and international law only goes so far when somebody's profits and dividends and executive compensation are put at risk. Talk is cheap, but patriotism is expensive, as it turns out.