Wednesday, April 8, 2009

It always starts with the dorks

(thanks to The Economist)

Dynamite, chemical weapons, the a-bomb, and then nuclear weapons. Eventually, in the future, of course, there will be the Terminator.

But for now, it's the computer-science geeks that applied math models and game theory, to peddle purposely complex, over-valued bonds made up of crappy mortgages. Thanks, smart guys.

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