The Facebook IPO Debacle, JPMorgan Deja Vu, What Will RIM Do With the BlackBerry? and More Quotes of the Week
High-tech finance just moves money around without increasing the size of the pie. High-speed trading may increase bankers’ fees, but its economic benefits are dubious. Financial technology allows banks to operate with less capital than regulators think prudent.
— Eduardo Porter, writer of the Economic Scene column for The New York Times, in his piece "Big Banks Don't Need To Be So Big
Source: The New York Times