Long Term Capital Management and the Financial Crisis

The humerus and collapse of long term capital management appear more to be the rule of modern finance than the exception. We have two examples of breath taking financial incompetence at the highest levels within ten years of each other. Even if there isn't, what do you want to bet that it won't happen a third time? In fact, i strongly suspect that the third example is already in motion, and that in ten years we'll be able to point to another financial crisis caused by another complicated financial instrument which is already in ex stance. If you disagree, then please tell me what we have done since two thousand eight to keep that from happening.