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A frenzy of financial innovation has ensnared America Inc. What could go wrong?
Catch up on global daily news
Compelling long reads
Future-gazing analysis, predictions and speculation
Tune into captivating conversations
Watch engaging short films

Particularly by the state

Activist shareholders and regulatory changes are undermining their control

Its ghoulish reputation is ill-deserved

A handpicked article read aloud from the latest issue of The Economist

A pair of bankruptcies highlight the risks

Only a decline in corporate America’s vigour will dent the country’s dominance of financial markets