For people wondering about complexity of financial products, and if individual banks and traders did or did not precisely understand the implications of what th

For people wondering about complexity of financial products, and if individual banks and traders did or did not precisely understand the implications of what they were doing, i wholeheartedly recommend everyone read Dit kan niet waar zijn (This cannot be true) by Joris Luyendijk. He spent about a year doing “anthropology” in the London financial sector, and it's a fascinating, horrifying read. I'm not sure if that book has been translated into English yet, but otherwise his column at the Guardian makes for equally good reading [1]. 1. http://www.theguardian.com/commentisfree/joris-luyendijk-banking-blog http://www.theguardian.com/commentisfree/joris-luyendijk-ban...