Creative Destruction?

Whiskey.

Tango.

Foxtrot.

Read this now.

The guy writing it makes some of the players out to be more heroic than they really are. Shorting a market you find reprehensible is full participation in reprehensible activity.

Still, a fascinating peek into what happened. This also explains some of what these financial instruments actually are. Which is a terrifying realization.

Regulation cannot come too soon, but I suspect nothing will actually happen.