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:

12-22-2024

U.S. Navy Shoots Down Own Plane... As Fresh Strikes Target Houthi Rebels in Yemen... Pilots eject safely over Red Sea... REPUBLICANS DEFY MA...