3) the increasing role of institutional investors and the role of mutual funds and benchmarks that increased the concentration of information and incentives for herding; 4) the ‘Greenspan Put’, by which the Fed pl aced a floor under equities and 5) the rise to power of a faction of financia l capital, what Parenteau refers to as Wall Street Finance, who were able to influence regulatory and central bank policy to keep the bubble going. In short, a close reading of Parenteau’s chapter gives a wonderful account of the anatomy and evolution of financialization in the creation and promotion of the 1990s’ equity bubble in the US. Focusing on derivatives markets, Dodd (Chapter 6) pursues some of the themes introduced by Parenteau. Dodd describes the rapid growth in the use
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