A few readers might have seen these quotes in last week’s press release, but I wanted to post them here as well:

“The old-school way of doing business hides problems and creates inefficiencies. Radical collaboration solves those problems. It brings the best minds together, exposes hidden risks, and accelerates innovation and growth. We’ve seen how it transforms industries, such as music and entertainment. But now it’s time to take the same approach to the most serious problems – problems with the gravest consequences for the economy and society. Leaders need to change their habits and open the curtain.”

“The subprime mess happened because big financial players hid the risks – they weren’t found until it was too late. If the same players had taken the radical step of sharing information about the bets they were structuring, the best minds – including economic policymakers – could have seen what was happening and taken steps to avert it.”

Does anyone have any thoughts on this argument that they’d like to share?