Fraud was a material part of the mortgage collapse, a big factor in commercial property and loan losses and a component in investment banking and private-equity losses that did more damage than acknowledged.

ECONOMIST: Letters

While many of us see this activity as just the early stages of what will become a long-term, sustainable component of the New York economy, some veteran observers are already forecasting the collapse of another tech bubble.

FORBES: Why 2013 Will Be a Big Year for NYC's Tech Startups!