Retirement Savings in the Dark
For most of the 20th century, there was a clear wall between working people’s pension funds and the riskier corners of financial markets. This wasn’t accidental—it was the law.
From the current Columbia Journalism Review: a detailed review of whether the U.S. business press was paying attention in the years leading up to the financial crisis. The brief answer is—no.
WSJThe New York Times
The story ends with a short list of lessons to be learned. Here there is a nod to the alternative press, but barely:
Mother Jones
Read the whole article here.