If you have the time, two (too) long but interesting articles by Henry C K Liu.
DERIVATIVE MARKET REFORM, Part 1
The folly of deregulation
http://www.atimes.com/atimes/Global_.../KL03Dj02.html
DERIVATIVE MARKET REFORM, Part 2
The courageous Brooksley Born
http://www.atimes.com/atimes/Global_.../KL04Dj01.html
DERIVATIVE MARKET REFORM, Part 1
The folly of deregulation
http://www.atimes.com/atimes/Global_.../KL03Dj02.html
DERIVATIVE MARKET REFORM, Part 2
The courageous Brooksley Born
http://www.atimes.com/atimes/Global_.../KL04Dj01.html
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