In an interesting article by the author of Liar’s Poker, Michael Lewis discusses the current stock market collapse.
The article is thought-provoking in its own right, but it brings up an intriguing question: Were the folks who created the Wall Street securitization machine part of the creative class? Were these financial innovations innovations at all? To put a punctuation point on the question, are flimflam persons and those that create Ponzi schemes creative? They certainly are clever and imaginative.