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A comment on We will not pursue the potential acquisition of FTX. Parent comment

Re:We will not pursue the potential acquisition of FTX by pseudosavant on Wednesday November 09, 2022 @06:29PM (#33539703)
You could say that MBS/CDOs were 'leaky abstractions', and that there were equivalents to 'code smells' to suggest they weren't the golden debt they masqueraded as. I can't think of other professions that develop the same level of abstractions that programmers and bankers create. Layers and layers of inputs and outputs.
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Re:We will not pursue the potential acquisition of FTX by TheOtherHobbes on Wednesday November 09, 2022 @06:58PM (#33540046)
You could also say they were deliberate fraud.

The number of big-name banks whose actions are questionable [1] - if not actually criminal - is astonishing.

[1] As reported by insider papers like the Financial Times.

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