Source? There is a revolving door, but it’s as much between industry and the SEC as it is between it and the rest of the public sector.

Well, honestly I am surprised at how extensive the commissioners' background is in public service and/or education.

If you need people people with experience in banking and finance, especially the legal and regulatory/compliance areas, where would you do your recruiting?

A regulator that regularly pulls exclusively from industry insiders should raise eyebrows. Now whether the SEC actually pulls the majority of hires from industry insiders, that's another question I can't readily answer. Don't have those figures.

A lot of people fail to realize how crucial financial institutions are for society. Everything we do has national currency as a middleman, and national currency is more under private control than under public.

$125M is a fee for stealing as much as you wish, since you have the power to print money. Need more assets? Just give out credit more loosely for a while. Then "accidentally" delete the records of what money went where, then get bailed out.

Commercial banks get to create and spend currency before its impact hits the wider market through inflation. In addition, the rate of creation has to continuously surpass debt repayment, otherwise there is a liquidity crisis. They have an immense privilege, and as such, should be held to much higher standards.

"Give me control over a nation's currency, and I care not who makes its laws."

If the violation of even the standards we have results in less than a month's worth of PROFIT for several years of wrongdoing, how are these rules or outcomes fair?