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Hartzman’s Wells Fargo Whistleblower Filing: Regulatory Capture

"Regulatory capture occurs when a...regulatory agency created to act in the public interestinstead acts in favor of the commercial or special intereststhat dominate in the industry or sector it is charged with regulating.Regulatory capture is a form of government failure,as it can act as an encouragement for large firms to produce negative externalities....regulatory capture occurs because groups or individualswith a high-stakes interest in the outcome of policy or regulatory decisionscan be expected to focus their resources and energies in attempting to gain the policy outcomes they prefer,while members of the...

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Published By: Hartzman's Inquisition - Friday, 15 June, 2012