There's more financial news this Sunday night than on most weekdays.

[randomness]

Lehman Brothers looks like it's going to file for bankruptcy tonight.

Merrill Lynch is selling itself to Bank of America to avoid a similar fate.

American International Group has asked the Federal Reserve for a $40 billion loan.

It's the phase of the moon! :) Or the phase of the business cycle, anyway.

Comments

[r-ness.livejournal.com]

Say, I did find this, which while not particularly mathematical does outline some problems with the sorts of derivatives that were being constructed, way back in '99:

http://www.derivativesstrategy.com/magazine/archive/1999/0899qa.asp