theodp writes: Valleywag reports that Facebook just bought itself a police officer and questions what kind of mechanism will be in place to make sure the officer — whose position Facebook has agreed to fund to the tune of $200K-a-year for 3 years — doesn't provide preferential protection for the social network giant and its employees. It's probably a fair question, considering that U.S. Attorney General Eric Holder made the City of New Orleans enter into a federal consent decree designed to address the "divided loyalties" of the city's moonlighting police officers. But for now, everything's hunky-dory in Menlo Park, where Police Chief Robert Jonsen called the deal a "benchmark in private-public partnerships". No doubt it is, as was last week's Google-City of San Francisco deal to fund free bus passes for low- and middle-income kids. But is giving earmarked funding to facilitate self-serving city expenditures a good or bad development?