Financial Innovation

Why Johnny Can't Innovate: The American Economy's Most Surprising Deficit

Ian Fletcher | Posted 07.28.2011

Read More: American Innovation, Financial Innovation, Technological Innovation, u.s. Innovation, Innovation in America, Green Innovation, Innovation and Economy, Small Business America, Business News
Ian Fletcher

To get our economy back on track, we need to stop dreaming that innovation is purely a self-financing private-sector game and start paying for the innovation we need. Either that, or we're not going to get the economy we want.

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Maxwell Strachan

WATCH: Summers Dismisses Idea Of Regulating Financial Instruments (WATCH)

HuffingtonPost.com | Maxwell Strachan | Posted 06.13.2011

Read More: Epi, Freddie Mac, New Economic Thinking, Office of Management and Budget, Cds, Fannie Mae, Larry Summers, Financial Innovation, National Economic Council, Cdo, Financial Regulation, Great Depression, Business News

Depending on who you ask, regulation is either a hindrance to the global economy or our only hope against global economic collapse. Safe to say Larry ...

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Tim Geithner Ignores Volcker Rule, Touts 'Financial Innovation'

The New York Times | SIMON JOHNSON | Posted 05.25.2011

Read More: Proprietary Trading, Treasury, Financial Reform, Wall Street Reform, Volcker Rule, Financial Crisis, Banks, Financial Innovation, Wall Street, Tim Geithner, Capital Requirements, Merkley Levin Amendment, Business News

Amazingly, Mr. Geithner made no reference to the Volcker Rule, either explicitly or even implicitly -- despite the centrality of this idea to the rece...

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Should We Put the Brakes on Financial Innovation?

Rohit Chopra | Posted 05.25.2011

Read More: Subprime Mortgages, Check Cashing, Payday Loans, Consumer Financial Protection Agency, Financial Reform, Financial Innovation, Business News
Rohit Chopra

In recent years, most of the consumer financial innovations have been largely about getting ordinary people to borrow at pricing structures that they don't completely understand.

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Financial Innovation: What Is It Good For (I)?

Dean Baker | Posted 05.25.2011

Read More: Financial Crisis, Credit Cards, Wall Street, Financial Innovation, Paul Volcker, Business News
Dean Baker

Brookings economist Robert Litan put out a lengthy paper defending the major financial innovations of the last four decades. He makes some good points, but he presents a very incomplete picture.

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Innovation ain't what it used to be

Martin Berg | Posted 05.25.2011

Read More: GI Bill, Financial Innovation, Edmund S. Phelps, Warren Buffet, Wall Street, Leo. M. Tilman, Fdr, Business News
Martin Berg

Innovation is the strength of America. But over the past several decades financial innovation has focused on mathematical models rather than on a vision of improving the country and people's lives.

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Feb. 22 Marks A Brand New Day for Banking

Patrice Peyret | Posted 05.25.2011

Read More: Banking Regulation, Banking, Consumers, Innovation, Financial Innovation, Technology, Bank Fees, Home News
Patrice Peyret

On Feb. 22, new first of many new financial regulations to protect consumers takes effect. It's not a moment too soon. Banking, especially retail bank...

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Stiglitz Tells Davos: Bankers Created "Negative Value" For Society

bloomberg.com | Jacqueline Simmons and Ian Katz | Posted 05.25.2011

Read More: Switzerland, Joseph Stiglitz, Economic Forum, Davos, Bankers, Financial Innovation, World Economic Forum, Business News

Bankers created "negative value" with innovations such as mortgages that homeowners couldn't afford, said Nobel laureate Joseph E. Stiglitz, who is sp...

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The Phantoms of Economic Stabilization

Harry Moroz | Posted 05.25.2011

Read More: Mark Zandi, Emergency Economic Stabilization Act, Financial TImes, Housing Crisis, Financial Reform, Tarp, Financial Innovation, Business News
Harry Moroz

Last September, in arguing against passage of the Emergency Economic Stabilization Act that created TARP, I hedged: Government action is absolutely n...

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What Has Financial Innovation Ever Done for You?

Eric Schurenberg | Posted 05.25.2011

Read More: Financial Innovation, CBS MoneyWatch.Com, Paul Volcker, Nathan Hale, Consumer Financial Protection Agency, Business News
Eric Schurenberg

Most financial innovations for consumers tend to be ways to fatten profits for financial service providers by rendering simple products more complicated. They usually only cater to fear and greed.

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How The Middle Class Got Squeezed: Charles Hugh Smith

DailyFinance | Charles Hugh Smith | Posted 05.25.2011

Read More: Tarp, Elizabeth Warren, Middle Class Wages, Charles Hugh Smith, Middle Class, Globalization, Financial Innovation, Congressional Oversight Panel, Business News

The current recession has stoked deep-seated fears about a declining middle class. A great collective anxiety about such a decline has been floating a...

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Paul Volcker, Former Fed Chairman To Wall Street: "Wake Up, Gentlemen"

Huffington Post | Eric Sorensen | Posted 05.25.2011

Read More: Fed Chairman, Wall Street, Financial Reform, Banks, Federal Reserve, Financial Innovation, Atm, Paul Volcker, Business News

Former Federal Reserve Chairman Paul Volcker delivered a jarring message to high-level bankers and regulators at an exclusive meeting in Sussex, Engla...

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Fear and Looting in America: Innovation or Casino Capitalism?

Les Leopold | Posted 05.25.2011

Read More: Financial Crisis, Banking Crisis, George Soros, National Public Radio, Wall Street Crisis, Wall Street, Regulation, Financial Innovation, Business News
Les Leopold

Banning any derivative product that the average public official can't understand represents a financial innovation with promise.

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