S.E.C. Concedes Oversight Flaws Fueled Collapse - NYTimes.com:
"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."-------------
Talk about closing the barn door after the horse got out.
That is a very fancy barn you have there, Professor. Please see comments on video concerning the same subject.
ReplyDeleteDon Nordeen
Governance of Property Owners Associations