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President Trump along with former Presidents George Bush (the son),Bill Clinton, and President Barrack Obama made heavy use of Wall Street executives from the firm

President Trump along with former Presidents George Bush (the son),Bill Clinton, and President Barrack Obama made heavy use of Wall Street executives from the firm known asGoldman Sachs. People from this firm always seem to get the top economic and government regulatory jobs within the U.S. government.What economic term did Chapter 5 use to describe cases like this?(See examples below)

TrumpDeputy Treasury Secretary - James Donovan - 25 year employee atGoldman Sachs

ObamaChairman of Commidity Futures Trading Group -Gary Gensler - 18 year employee of Goldman Sachs

Bill ClintonTreasury Secretary - Robert Rubin - 26 year employee at Goldman Sachs

George BushTreasury Secretary - Hank Paulson - former CEO of Goldman Sachs

Government Failure Effect

Redistribution of Wealth

Regulatory Capture

Rent Seeking

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