And zero acknowledgment that Credit Default Swaps were pioneered by Blythe Masters AT JP Morgan and used relentlessly to move risk off of balance sheets in a house of cards that led to millions losing their homes and life savings.
"In bypassing barriers between different classes, maturities, rating categories, debt seniority levels and so on, credit derivatives are creating enormous opportunities to exploit and profit from associated discontinuities in the pricing of credit risk."
"In bypassing barriers between different classes, maturities, rating categories, debt seniority levels and so on, credit derivatives are creating enormous opportunities to exploit and profit from associated discontinuities in the pricing of credit risk."
https://www.theguardian.com/business/2008/sep/20/wallstreet....
And of course now she's in crypto.
https://www.thisismoney.co.uk/money/markets/article-9263487/...