It is surprising to say the least to think that the former Treasury Secretary does not seem to know that there are already trusted, tough-minded investors — and that the near-insurmountable obstacles to meaningful oversight created by regulators (remember he was responsible for the incident that gave the title to 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown) — are the real problem.

The real need is for a cadre of trusted, tough-minded investors who can credibly commit to strong management teams and provide assurances to a broader range of investors so that productive investments can get made. How that can best be accomplished while maintaining market discipline is the crucial challenge going forward.

via Taking a long view on corporate reform – The Washington Post.