Disaster cooking

10 April 2009 (13:19) | Journal | By: Colin McGinley

I’ve only just stumbled across this article in Wired from a few months back but I think it’s well worth a read.

Recipe for Disaster: The Formula That Killed Wall Street

It’s amazing how the simplest thing (even if it is a not-so-simple formula) can have such a huge impact, both as part of the huge buildup of credit, leverage and wealth and as part of its downfall.

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