# Research by Prof. Thomas Philippon on the cost of financial intermediation is cited

1 Faculty News March 15, 2012 ![Wall Street Journal logo](/sites/default/files/styles/246w/public/assets/images/wsjlogo.jpg?itok=5Qt0z3WX)>

Excerpt from [The Wall Street Journal](http://online.wsj.com/article/SB10001424052702303863404577283760428823008.html) -- "As shown by research conducted by New York University economist [Thomas Philippon](http://www.stern.nyu.edu/faculty/bio/thomas-philippon), the cost of financial intermediation—what the financial sector charges the rest of the economy for its services—began a move around 2000 that would take it by 2010 to its highest level in 140 years."

[Read more](http://online.wsj.com/article/SB10001424052702303863404577283760428823008.html)

Additional coverage appeared in [Crain's New York Business](http://mycrains.crainsnewyork.com/blogs/red-wrap/2012/03/detroit-on-the-hudson/).