Obama Blueprint Deepens Federal Role in Markets - washingtonpost.com

The White House makes its case for this approach in an 85-page white paper that describes the roots of the crisis. Gaps in regulation allowed companies to make loans many borrowers could not afford. Funding came from new kinds of investments that were poorly understood by regulators. Big firms paid employees massive bonuses, while setting aside little money to absorb potential losses.

Obama Blueprint Deepens Federal Role in Markets - washingtonpost.com