Insider Trading . . . the political kind

Every knows (or should know) that once elected officials "retire" they immediately go to work in the private sector peddling influence . . . you know, "special interests". Read about what Nassim Taleb is railing about now . . .

"Think about it a bit further: the more complex the regulation, the more bureaucratic the network, the more a regulator who knows the loops and glitches would benefit from it later, as his regulator edge would be a convex function of his differential knowledge. This is a franchise. (Note that this franchise is not limited to finance; the car company Toyota hired former U.S. regulators and used their "expertise" to handle investigations of its car defects). "

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