From BusinessWeek:

Call it an attempt to lock the barn door before the next group of horses escapes. Even as criticism has mounted that the Bush Administration has moved too slowly to stem the slide in housing and credit markets, Treasury Secretary Henry Paulson on Mar. 13 announced a series of recommendations intended to prevent a recurrence of the lapses and errors that led to the meltdown in the first place.

"As we continue to address the current market stress, we must also examine the appropriate policy responses," Paulson said in a speech at the National Press Club in Washington. But he also sounded a note of caution aimed at heading off calls for more radical regulatory changes emanating from Congress, consumer groups, and others critical of the financial industry.

More here.