The End of Wall Street

MUST READ: (via DGP) Conde Nast has a really good article by the author of Liar's Poker on the End of Wall Street. The author chronicles the players who saw the financial house of cards built on CDS, sub-prime loans, CDO's, and complicit credit rating agencies - and made money by selling short ... and in an odd way, kept the whole monster going. Is so complicated - but not so complicated that you'd think Wall Street CEO's would have been able to see the calamity that was to come.