SEC Ends Voluntary Regulation Program for Inv Bks
After Bailout Deal, the Focus Will Shift to Regulation
Housing collapse often cited as having caused the crisis, but for AIG which first waded into derivatives it sold interest rate swaps and this was the beginning of its end. Then, JPM Derivatives specialists proposed that AIG should try writing insurance on packages Collateralized Debt Obligations aka CDOs."
Director Operations - Risk and Control needed for a large Broker-Dealer.