I'm a couple hundred pages into William D. Cohan's book House of Cards: A Tale of Hubris and Wretched Excess on Wall Street, a minute by minute account of Bear Sterns financial apocalypse-- and while I can't really recommend it, it's technical with a lot of big numbers and the wretched excess and hubris is pretty understated, when compared to The Winter's Tale or King Lear-- I will say this: it seems if that if people think there's a problem with your brokerage house-- if the stockholders or the repo people or the overnight credit people or the analysts or the ratings companies or the SEC or the banks or FED or the writers at Fortune or the rumor-mill or anyone else even entertains these thoughts, then the thoughts can create a mathematical reality and a meltdown can happen at the speed of an idea . . . and the other thing I learned while wading through the numbers, which are all in the billions, is just how funny it is when Dr. Evil tries to hold the world ransom for "one million dollars."
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