BizJournals Portfolio
Nov 24 2008 3:13am EDT

Extra Credit, Sunday Edition

Should "bad" financial contracts be banned? "No rational regulator concerned with substantive transparency would approve of common stock, if it were a novel investment vehicle. It guarantees no cashflows whatever; its "control rights" are so weak for most purchasers that representations thereof should be viewed as fraudulent. The only instrument in wide use more substantatively opaque than common stock is fiat money."

The Option ARM Non-Bomb? An ARM resetting from 6.25% to just 4.25%.

Art in a Poorer World: My Bloggingheads diavlog with Kriston Capps.

. □


Comments

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.


Connect With Portfolio.com

Come on, like us—you know you want to.

Follow us and if you're an innovative entrepreneur, we'll return the favor.

Today's top stories, conversation starters, and the back nine business bites.

spotlight on

Slideshows

500 Startups Hits New York

Dave McClure's brainchild makes its way to New York and introduces East Coast money folks to some intriguing new companies. View Slideshow