Robert L. Reynolds, President and Chief Executive Officer of Putnam Investments, speaks during an Oxford-style debate on financial innovation hosted by "The Economist" magazine at Pace University in New York October 16, 2009. Reynolds was defending contemporary financial innovations in the debate. Reuters Pictures logo Reuters Pictures 28 months ago

Robert L. Reynolds, President and Chief Executive Officer of Putnam Investments, speaks during an Oxford-style debate on financial innovation hosted by "The Economist" magazine at Pace University in New York October 16, 2009. Reynolds was defending contemporary financial innovations in the debate.