Financial innovation is not very accepted right now. Share lease constructions,subprime mortgage bundles and flash trading (so shockingly described in Michael Lewis’s recent book Flash Boys) are just some of the financial innovations that have had disastrous consequences. A yowl of "Stop financial innovation!" has gone up, but this would be like saying "Stop thinking!" So how can we construct certain that financial innovation serves a social purpose while at the same time being financially rewarding?
Source: abnamro.com