Comment: Financial engineering has gone on too long, too far already

dint understand what you meant, cud you explain ?

The columnist is of the opinion that complex financial instruments, originally made to cover risk, have turned into speculative tools thereby creating risk rather than minimizing it.

Just to give maybe an inappropriate example: many Indian companies signed on the dotted line to hedge their forex exposure. They got burned and claimed the banks misled them. They went to court but some have finally settled with the banks.

oh ok thanks didn't see you had put a link to the article. .