1.0 link 229002 http://www.huffingtonpost.com/les-leopold/wall-streets-collateral-d_b_229002.html As soon as anyone calls for tight controls on Wall Street, pundits and politicians rush to the defense of "financial innovation." Even after the catastrophic collapse of the latest and greatest financial tools, like synthetic collateralized debt obligations and their many offspring, politicians still seem to believe that financial engineers are always on the cusp of developing new and wondrous products that will make the world a better place... like maybe the financial equivalent of solar energy or wind turbines....

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