Here is one interesting article discussing a 2004 SEC rule change that allowed investment banks to take on considerably more investment debt, in part becoming a contributing factor in the current financial fiasco:
http://www.nytimes.com/2008/10/03/business/03sec.html?pagewanted=1&_r=2&ref=business&adxnnlx=1223098041-uaXDqvAxj3t0Fn9xQX5xmQ
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