September 2008
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When Products Break...And Innovation Fails
Originally published 9/29/2008 at FiLife.
As Congress attempts to pass the bailout bill, it’s a good time to reconsider how we got where we are. Consider financial innovation - the introduction of new products and ideas - as both a blessing and curse.
On the back of this credit crisis were new and complex financial products that launched in rosy markets - they weren’t...