Tuesday, May 26, 2009

Financial Innovation

Apologies for the lack of blogging of late, elections and the like have been weighing me down and slowly sapping my will to live. That and the fact that I've been reading many blogs that have been saying things that I'd like to say more effectively and insightfully.

On that note, here's James Kwak at Baseline Scenario (with support from Mike at RortyBomb) on the subject of financial innovation and why it isn't all that useful.

Can I get a flake with that mortgage?

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