Investors paying price of 'risk complacency' - US Treasury

Speaking at the National Press Club in Washington on Thursday, Secretary Paulson says many investors are now paying the price of purchasing products they didn't fully understand. “Today's risk aversion is an aftermath of yesterday's risk complacency,” the former Goldman Sachs chief says. “Many investors became complacent about risk and they have learned a costly lesson, one that amplifies the need for thorough due diligence.” Secretary Paulson used the speech to outline the recommendations from the President’s Working Group on Financial Markets. He says the current turmoil is creating l...