S.E.C. Concedes Oversight Flaws Fueled Collapse - NYTimes.com

S.E.C. Concedes Oversight Flaws Fueled Collapse - NYTimes.com: "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."

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