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They were "foreign exchange dealers" who enacted a "transfiguration of finance", points out the financial historian Niall Ferguson.
As Michael Santoli at Yahoo Finance points out, the average consumer confidence number during a recession is about 79, and even with our recent boost, we're still lagging below that low bar.
Representative Timothy Wirth (D-Colo)., head of the House subcommittee on telecommunications, consumer protection and finance, points out that the SEC staff actually has decreased by 5% in the last five years as financial products have mushroomed.
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"From the consumer finance point of view, the exciting thing is the global presence".
The minimum acceptable rating for corporate bonds has been cut to A-.However, aggrieved companies hungry for finance point out that this has made little difference in practice to the investment decisions of the Siefores.
Interviews I have been doing with the investor community on the subject of sustainable finance, point to a concern that mainstream investors are becoming increasingly blind to the long-term issues at the heart of sustainable development.
For the media and publishing industries to succeed, they need to acquire a holistic understanding of their customers and the ability to manage those relationships from a commerce, billing and finance point of view.
I see the momentum effect from a behavioral finance point of view.
"It's perfectly plausible from the technical point of view, absolutely plausible from the finance point of view because they have great buying power, so I think, yes, there's nothing at all to stop them doing that probably within something like 10 years.
It sounds slightly unbelievable, not to mention probably a bad idea from a long-term personal finance point of view, but these debt dodgers are real.
Defenders of bandit finance point with pride to the creativity demonstrated in the design of innovative instruments and practices like derivatives and Credit Default Swaps.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com