A Week in the Life of Libor

http://www.nytimes.com/2012/07/23/opinion/a-week-in-the-life-of-libor.html

---------- Forwarded message ----------
From: barry levine 
Date: Mon, Jul 23, 2012 at 9:26 AM
Subject: re; A Week in the Life of Libor
To: letters@nytimes.com


To the Editor:

   If we really mean "to reform the banks themselves" we must start by sealing Washington's revolving door.  The power to make a former Secretary of Treasury rich after he/she has left the cabinet is the power to block any meaningful regulation.  Let's start with a twenty year block on working in the banking sector after leaving office. Parallels to other regulatory offices will suggest themselves to any reader who gives it a moment's thought.

Barry Haskell Levine