Commentary this week in the Bond Buyer (H/T Marc) focuses on the real value of technologies such as XBRL. Transparency reduces risk, which reduces the rates paid by issuers of debt. If the market understands you better, you don’t have to pay a penalty.
It’s that simple, folks. The breakeven for tagging financial accounts is a few basis points, after that the savings goes straight to providing more services to your community.
Rational Exuberance 