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Vague Leadership from Geithner and Summers
June 15th, 2009
Larry Summers and Timothy Geithner co-authored a piece in the Washington Post today which details five issues that need to addressed in the current financial system and details their plan to deal with each issue. The first 4 issues are domestic in nature, and they lay out plans to deal with each; the fifth priority is the issue regarding regulation in the international financial system, and their plan for addressing this issue is less than clear. From today's Post:

Fifth, and finally, we live in a globalized world, and the actions we take...

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A New Financial Foundation
June 15th, 2009
By Timothy Geithner and Lawrence Summers - Over the past two years, we have faced the most severe financial crisis since the Great Depression. The financial system failed to perform its function as a reducer and distributor of risk. Instead, it magnified risks, precipitating an economic contraction that has hurt families and businesses around the world.
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