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The Revolving Door of Government

In this interview Michael Greenberger, a law professor at the University of Maryland, talks about the “revolving door” of government. Or specifically in this case, how Wall Street promises to take care of government policy makers and regulators once they enter the private sector – if they support policies that Wall Street likes.

Greenberger doesn’t mention him by name, but he tells the story of James Newsome, a Bush appointee to the Commodity Futures Trading Commission, (CFTC) who admittedly knew nothing about futures and derivaties trading when he joined the CFTC, and then went on to become the president of the Nymex exchange.

What’s this got to do with Alameda? Well the revolving door of government swings in Alameda as well. Look at former City of Alameda Planning Department staffer Bruce Knopf, who went on to join Catellus, or Stephan proud, who was in the City of Alameda planning department in charge of Alameda Point redevelopment, who then went on to join Lennar Urban.

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