U. S. Financial Crisis makes the GAO High Risk List

The United States Government Accountability Office (GAO) has issued its most recent High Risk Report of areas of serious concern to the United States. Not surprisingly, the current economic crisis tops the list. Please read this report it gives far greater detail as to the governments concerns that without major financial reform, we run the risk of experiencing further economic failure. The GAO also released a report how we can modernize our outdated Financial Regulatory System.
These are both fairly extensive reports and are best read when you can dedicate the time to absorb all of the information.