I was reading the New York Times and came upon the below article. It is so important to keep track of the current market and the below articles talks about some major changes and how the government will be taking preventive measures. I invite you to leave your comments!

White House Offers Plan to Ward Off Credit Crises

By STEPHEN LABATON

WASHINGTON - After months of watching a growing credit crisis made worse by steadily eroding home prices, the Bush administration responded on Thursday with the outlines of a plan that officials emphasized is meant more to prevent future crises than to address the current one.

The plan, which relies primarily on state regulators and private industry to tighten their oversight of financial markets, calls on states to issue nationwide licensing standards for mortgage brokers.

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