I just got done watching this excellent documentary. Check it out when you have a moment. You can check out the whole thing on the PBS website below. No surprises here... just confirmation that money, greed, and politics go hand in hand.
http://www.pbs.org/wgbh/pages/frontline/warning/

"Amidst the 1990s' bull market, there was one lone regulator who warned about derivatives' dangers -- and suddenly became the enemy of some of the most powerful people in Washington"
http://www.pbs.org/wgbh/pages/frontline/warning/