Because of the current financial crisis, a more effective method of regulation to deter the shortsighted behavior that led to the crisis is necessary. Such a method may lie in holding executives accountable to shareholders for a breach of fiduciary duty. Explaining the unique circumstances of the secondary mortgage market that make mandatory disclosures necessary and the relevancy of regulation of this market, this Article proposes federal legislation and discusses how it would resolve the information asymmetry problem. In addition, disclosures in the context of directorial personal liability in light of the current landscape of American corporate law are examined. In conclusion, the Article proposes a regulatory scheme based on disclosures that would unravel these complex transactions in order to promote meaningful decision-making in the boardroom while providing shareholders with an effective tool to hold directors liable if they breach their duties to the corporation.