Guest Post: A New Financial Foundation?

Submitted by Leo Kolivakis, publisher of Pension Pulse . On Monday, the Washington Post published an op-ed piece by Tim Geithner and Lawrence Summers, A New Financial Foundation : 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 ar