US regulator says flawed oversight fed financial crisis (AFP)

Posted by admin on September 28, 2008 under News | Be the First to Comment

US regulator says flawed oversight fed financial crisis (AFP)

Securities and Exchange Commission Chairman Christopher Cox (C) talks with reporters at the US Capitol September 18, 2008 in Washington, DC. The head of the US financial regulator SEC has blamed a voluntary monitoring program for major investment banks as a cause of the global financial crisis and said he was shutting the program down.(AFP/Getty Images/File/Chip Somodevilla)AFP – The head of the US financial regulator SEC has blamed a voluntary monitoring program for major investment banks as a cause of the global financial crisis and said he was shutting the program down.


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