The Day the S.E.C. Changed the Game – The New York Times

An audio recording from 2004 shows levity, even laughter, as the S.E.C. made a little-noticed, but fateful change to rules governing the five largest U.S. investment banks.

http://www.nytimes.com/interactive/2008/09/28/business/20080928-SEC-multimedia/index.html

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