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:

3-8-2026

  Donald Trump ripped for behavior at dignified transfer: ‘Take your (expletive) hat off’ TENSE: Loud bang reported near U.S. Embassy in Osl...