December 25, 2015

Can Fintech Fix Financial Services?

NEW YORK, NY - DECEMBER 21: People walk along Wall Street on December 21, 2015 in New York City. The Dow Jones industrial average was up over 100 points in morning trading following Friday's huge drop as the price of oil continued its yearly fall. (Photo by Spencer Platt/Getty Images) A review of the new Michael Lewis movie The Big Short describes a scene during the 2008 financial crisis in which renters were "kicked out of their homes because their landlord didn't pay the mortgage, even though they were making their rent payments in full." It serves as one of many examples of how our malfunctioning financial system produces fundamentally unfair outcomes. Read More

Source: TechCrunch