Hanlon’s Razor – Finance Guy Edition

Or, more specifically, structured products finance guy (*) edition.

A new report described by FT Alphaville indicates that folks inside the structured products machine that helped pump up the housing bubble and devastate the economy weren’t evil, they were just “slow”. They got rich off their own stupid, because others paid the price. So not so stupid after all, and not so innocent.

Hanlon’s Razor / Grey’s Law
“Never attribute to malice that which can be adequately explained by stupidity.”

And groupthink. And that Sinclair line.

Remember this with regard to conspiracy theories, especially ones involving big, complex enterprises, in particular governments.

* Not 100% males, but I feel comfortable using “guy” here.

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