From Hal Scott's textbook on international finance, v. 17th ed. -- for real:
[public officials regulating fraud aren't as good at enforcement than markets] may be true in developing countries but does not translate to the us where public enforcement officials are not corrupt or captured, and are very well trained (due largely to the revolving door with the private sector).
Is this a joke? Bad editing? The author, certainly, has an underdeveloped sense of irony and the oxymoronic.
The scary thing is: he came out with the new version precisely to take account of the financial crisis.
