Sunday, September 28, 2008

S.E.C. Concedes Oversight Flaws Fueled Collapse

WASHINGTON — The chairman of the Securities and Exchange Commission, a longtime proponent of deregulation, acknowledged on Friday that failures in a voluntary supervision program for Wall Street’s largest investment banks had contributed to the global financial crisis, and he abruptly shut the program down.

read more | digg story

No comments:

11-5-2024

  LIVE FINAL RALLIES: KAMALA PHILLY... DONALD GRAND RAPIDS... NEW HAMPSHIRE SHOCK POLL: HARRIS +28... 3-3: Dixville Notch Splits... RECORD 7...