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In Slate, Henry Blodget looks at the Amaranth blow-up:

The only plausible conclusions that can be drawn from the crackups of Amaranth, et al, are that 1) they didn't know the risks they were taking, or 2) they knew and didn't care.

He thinks more are on the way, and I agree.

Posted by edelfenbein at September 24, 2006 2:34 PM