PatentLibrarian: Patents and Wall Street
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Started by: zoobabzoobab
Date: 21 Sep 2008 17:04
Number of posts: 1
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Summary:
In some ways, innovation is to blame for the current U.S. financial crisis. During the past ten years the major players at the heart of the crisis--big Wall Street investment banks and financial companies--developed increasingly complicated and risky investment strategies based on the bundling and trading of mortgages. This has turned out to be a bust. Bankers have been pursuing other innovative strategies, as can be seen in a number of patents and published patent applications assigned to Wall Street firms.
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