... States.” In this report, the Com-mission presents to the President, the Congress, and the American people the results of its examination and its conclusions as to the causes of the crisis. More ... devastating to the stability of the nation’s nancial markets. The sentrieswere not at their posts, in no small part due to the widely accepted faith in the self-correcting nature of the markets and the ... not meet their own underwriting standards orthose of the originators. Nonetheless, they sold those securities to investors. The Commission’s review of many prospectuses provided to investors found...