Indeed, financial engineering did not create products that would help ordinary citizens manage the simple risk of home ownership – with the consequence that millions have lost their homes, and millions more are likely to do so. Instead, innovation was directed at perfecting the exploitation of those who are less educated, and at circumventing the regulations and accounting standards that were designed to make markets more efficient and stable.
事实证明，金融工程创造出来的那些产品，帮不了普通老百姓管理贷款买房这么简单的风险，结果搞得几百万人丢了房子，还会有几百万人步其后尘。金融创新的真实效果是，发明了更好的手段，去剥削那些教育程度不太高的老百姓，去绕开规管和会计准则这些旨在保护市场效率和稳定的规范。结果，本该管理风险、有效配置资本的金融市场，反而成了大规模风险制造者和资本配置扭曲者。