Skip to content
Author
PUBLISHED: | UPDATED:
Getting your Trinity Audio player ready...

Scandals called `aberrations`: Treasury Secretary Nicholas Brady decried a ”rising tide of greed” in financial markets but warned of the dangers of responding with excessive regulation. He called the Salomon Brothers and Bank of Credit and Commerce International scandals ”aberrations” that should not be used to justify new, overly burdensome regulation of banks and securities companies.