Another Corporatism example

[Cathy Reisenwitz]

Can you spot the corporatism here?

WASHINGTON (AP) — The regulator overseeing the investigation of collapsed securities firm MF Global built close ties to Jon Corzine as they rose through the ranks of Goldman Sachs. Later, they collaborated on Capitol Hill to pass an anti-corporate fraud law.

http://www.google.com/hostednews/ap/article/ALeqM5hIw996_LBWqFW1zImBiX6LUkDmMQ?docId=5882768c19e24cfda941c0ea87ae38a6

Do you think it was really an anti-corporate law, or an anti-corporations-that-aren't-Goldman-Sachs law? 

And what faith should reasonable people have in a regulatory system run by people incentivized to hand out competitive advantages to their friends and former colleagues? Answer: none.