“Voluntary Regulation Does Not Work”
Sep 29th, 2008 • Posted in: What They're Saying“The last six months have made it abundantly clear that voluntary regulation does not work.”
– U.S. Securities and Exchange Commission chairman Christopher Cox, speaking last week in a statement following the release of a report by the agency’s inspector general that strongly criticizes the SEC’s “performance in monitoring Bear Stearns before it collapsed in March,” according to the New York Times
Source: New York Times, Sep. 26.
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