Sublime

Lehman Brothers

faster churning of companies in and out of the S&P 500, the death of news and the newspaper, the failure of established

In December 2010,

For finance to consistently grow as a proportion of GDP, either it is simply upping its take — which might be reasonable within bounds, but raises questions of adequate competition in the sector and of possible regulatory capture — or it is making more and more MBS-like time bombs. It is spinning off flows of toxic financial exposure, of whose valu