Uhh, the documentary covers the the blow up of Russian bonds. If I remember correctly some economist says something like "first markets thought risk didn't exi

Uhh, the documentary covers the the blow up of Russian bonds. If I remember correctly some economist says something like "first markets thought risk didn't exists, then they thought risk existed everywhere." That's the shortest most accurate description of most financial crises. That's exactly what we're facing. Frank Raines told us these (sub-prime) loans were risk free. Now they are threatening the global financial system. It's all about risk. See anything by Taleb: http://www.fooledbyrandomness.com/ http://www.fooledbyrandomness.com/