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How Bad Regulation Created The Crisis

Former FDIC chief laments 'wrongheaded' moves by SEC


By William M. Isaac

December 15, 2008

When the history of the current financial crisis is written, wrongheaded regulatory and accounting policies will go down as major villains. There are plenty of candidates for top prize on the Wall of Shame, but none can compare to the mistakes made by the Securities and Exchange Commission, according to former FDIC chief William Isaac.

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