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The transformation is more obvious outside of finance.
Before this scandal made headlines, few people outside of finance knew what Libor was.
From 1950 through about 1980, bankers and insurers made only 10 percent more than workers outside of finance, on average.
Has your critique of the efficient markets hypothesis made you rethink your view of markets outside of finance?
It finds that about a third of Americans in that top percentile were executives, managers and supervisors who work outside of finance.
Outside of finance and residential real estate, most sectors of the economy have seen a meaningful rebound in business since the recession officially ended, in June, 2009.
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The company generates about 40% of its business from outside of core finance use cases.
Many financial companies, including Lehman, have struggled with souring mortgage debt on their books and have looked to outside sources of financing to shore up their balance sheets.
The rising yield is troubling because once the interest rates on the debt of Greece and Portugal surpassed 7 percent they shot up far higher, requiring those countries to turn to outside sources of financing.
Yet they offered few specifics on an issue that is possibly just as important: ensuring that banks can survive a liquidity crisis in which outside sources of financing suddenly disappear.
This is Redbeacon's first outside round of financing.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com