On 2013-01-05 8:05 AM, Ryan Sleevi wrote
Can you explain how, exactly, incumbents leverage any power to keep new entrants out?
Such behavior is necessarily a deviation from official truth, from the way certification is supposed to work, thus the only way to observe such behavior would be if emails leaked, as in the climategate files where we saw how peer review actually worked..
Analogously, regulators, financial audits and ratings agencies were supposed to ensure that banks only invested in safe stuff. When the proverbial hit the fan, it became apparent that regulators, financial audits and ratings agencies in practice ensured that banks only invested in politically correct stuff, but no one can explain how, exactly, this happened - well it is pretty obvious how it happened, and one can make a pretty good guess how it happened, but there is no direct official evidence as to how it happened.
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