The regulators were “captured” – meaning that they identified so closely with the intellectual perspective and worldview of large complex financial institutions that they were persuaded to allow something that was actually very dangerous.
Los reguladores fueron capturados, es decir, se identificaron tanto con la perspectiva intelectual y la visión del mundo de las grandes instituciones financieras complejas, que se persuadieron de permitir algo que en realidad era muy peligroso.