My favorite:

>> Tech is an industry of moving fast and breaking things. Finance is an industry of moving fast, breaking things, being mired in years of litigation, paying 10-digit fines, and ruefully promising to move slower and break fewer things in the future.

Here is Elaine Ou's blog: http://elaineou.com/

After being told not to talk about this stuff, she thought she'd get someone else to guest-blog it for her (which she then published on her blog): https://archive.is/LBBC2

The arrogance and lack of self-awareness of these "creative entrepreneurs" defies belief.

If you enjoyed this you should read more of Matt Levine's writing. He is consistently both educational and entertaining!

> It's an interesting spin to see their situation described by multiple layers of compound illegal activity.

Can you describe how this was NOT illegal? They were illegally selling derivative contracts and illegally creating fake trade history.

Oh, I wholeheartedly agree. It delights me to see this situation described not only as very illegal, but in layers of illegality, like an ogre.

Ah, I was thrown off by the word spin. I assumed it had a negative connotation towards the writing in the Bloomberg article.

Beautiful reference.