Playing Catch-up

Between travel and a Richter 7.8 sinus infection, I've fallen behind a bit. Going back to 10 March, I heartily recommend, from the Financial Times (p11), "Lost Through Creative Destruction." One quote, from Gillian Tett: "Greed, fraud, cheap money, managerial failure and lax oversight all played a part in bringing about the crisis—but at its heart was the complexity and opacity of modern finance."

The analysis is superb.