Former Treasury Secretary Larry Summers Calls for Better, Stronger, Smarter Investors

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.

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