Explain How Private Interests Have Often Succeeded in Turning the Programs

question 48

Essay

Explain how private interests have often succeeded in turning the programs designed to regulate their behavior to their advantage. How can citizens and political leaders ensure that regulatory agencies act on behalf of the public interest?

---

Definitions:

Current Yield

The annual income (interest or dividends) divided by the current price of the security, often used to measure the return on investment for bonds.

8 ½% Bond

A bond that pays an annual interest rate of 8.5% to its holders.

Yield to Maturity

The total return expected on a bond if held until it matures, considering both interest payments and the capital gain or loss.

Bonds

Long-term notes that are bought and sold on the open market, much like stocks.