I'm sorry "A Heart of Pure Darkness" is not correct.
August 14, 2012 1:33 PM Subscribe
posted by JPD (57 comments total)
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What did Michael Milken, Enron, and Goldman Sachs have in common? Not only were they at the centers of three of the biggest financial scandals of the last 30 years, but it turns out they all used the same financial instrument to help pull off their plans.
A Transactional Genealogy of Scandal: from Michael Milken to Enron to Goldman Sachs
A very interesting paper that talks about how the advent of the synthetic CDO created a structure rife with conflicts between legal and economic obligations and how those conflicts were abused in different ways by different parties at the centers of three discrete scandals.