Wednesday, March 25, 2009

Bard of The Financial Crisis

A very good mapping of Merchant of Venice onto the current financial crisis beleaguering the US economy.

When all Antonio's "argossies" reportedly wreck at the same time -- a wildly improbable event predicted by none of Antonio's complex statistical models and, as we have seen, completely discounted by him -- his over-leveraged balance sheet sends him spinning into bankruptcy and ruin.

No comments: