Here are a couple links concerning Brooksley Born who is one of those who knew back in 1998 that Credit Default Swaps and other exotic derivatives needed regulating. Check it out. You can thank the deregulators for the current crisis. It would have been avoided had they listened to Brooksley Born 10 years ago and allowed her to set up a regulatory scheme.
"," by Matthew Leising and Roger Runningen. Bloomberg. November 13, 2008.
Brooksley Born From Wikipedia