More important, Surowiecki writes that financial regulation needs to be legitimized: "Reforming the system isn’t about writing a host of new rules; it’s about elevating the status of regulation and regulators."
That is, regulators need to be paid higher salaries, and their positions need to be more highly valued and respected, more along the lines of firefighters and soldiers as opposed to the security guards and rent-a-cops they're currently compared to.
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