Geithner and Summers writing in the Washington Post

Obama to propose regulation overhaul Wednesday - Jun. 15, 2009: "In a commentary published in Monday's Washington Post, Treasury Secretary Timothy Geithner and the Director of the National Economic Council, Lawrence Summers, defended the need for an tighter regulatory control.'The financial system failed to perform its function as a reducer and distributor of risk,' Geithner and Summers wrote. '