1 How financial innovation causes bubbles. Felix Salmon: "Financial innovation, on this view, is in large part the art of turning illiquid assets into liquid assets. And once an asset is liquid, it’s susceptible to highly-dangerous booms and busts"
2 Where Have You Gone, Edmond Safra? Gary Weiss: "As Safra told it, running a multinational banking empire was a bit like operating a falafel stand or a pawnshop. The first responsibility was to not be stupid"
3 Help Save Macquarie Banker's Job. City News: "An investment manager has become the latest internet sensation after being caught live on TV ogling semi-nude pics of Australian supermodel Miranda Kerr"