This Washington Post article titled, "A New Financial Foundation" is a good read for all intelligent investors. It is a quick road into the minds of Timothy Geithner and Lawrence Summers. They offer a quick summation of what they believe were the causes to the financial crisis and then briefly offer the five big points that will be the focus of reform towards avoiding further problems in the future. I want to say, although I am not cold and uncaring, the Third Key Problem of consumer protection should not be up to the government. This is our own personal responsibility, each and every one of us. It isn't the government's job to say "Hey, don't put your money in that investment product you don't, and furthermore we don't understand. That doesn't seem very intelligent." The more reign we give them, the more they will take.
P.S. Don't miss the President's announcement on this Wednesday.
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