Is It Time for Better 401k Oversight?

Timothy Geithner wants to increase government regulation of such investment vehicles as derivatives, money market mutual funds and hedge funds. The thinking is that deregulation and opacity in many financial instruments is one of the reasons we’re in the middle of a financial meltdown. Since it was impossible for regulators and evaluators to assess a value for some of these assets, and since transparency was not a priority, the heavy leveraging eventually led to insolvency.
But perhaps it’s time to take a look at all investment vehicles — not just those we think of as complicated. It’s nice to change the …read more