Although Scott Blumstein and Jimmy Levin look like bar mitzvah boys, each just received far more than a $100 check from Grandma. In 25-year-old Blumstein’s case, it was the $8.15 million he received last week as the winner of the World Series of Poker. Said the new millionaire, “I definitely feel like I’m in this position because I’m from New Jersey.”
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
