When wealth and power control the creation of regulation, the regulations will preference the protection and magnification of wealth and power. Abnegation is the only suitable dogma for creators of regulation, but that is far from what we have.
Democratic congresswoman sold First Republic stock and bought JPMorgan just before bank sale, financial disclosures show.
If you haven't guessed who they work for, now you know..... Themselves!!!!
https://www.cnn.com/2023/05/02/politics/democratic-congresswoman-first-republic-stock/index.html
Discussion
Why does Senator Warren come to mind….