Thursday, February 24, 2011

QOTD: Greenspan on Financial Innovation

The Maestro: “Innovation has brought about a multitude of new products, such as subprime loans and niche credit programs for immigrants. . . . With these advances in technology, lenders have taken advantage of credit-scoring models and other techniques for efficiently extending credit to a broader spectrum of consumers. . . . Where once more-marginal [...]

Heidi Klum Vogue Charlize Theron Eva Mendes Sarah Polley

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