Yup. The LTCM meltdown in 1998 was caused by options, if I remember right. Back ... | Hacker News

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Rod on March 18, 2009 | parent | context | favorite | on: Wall Street Accelerates Options Analysis With GPU

Yup. The LTCM meltdown in 1998 was caused by options, if I remember right. Back then the Wall Street banks bailed out LTCM to avoid a global crisis of nightmare proportions.

ConradHex on March 18, 2009 [–]

And lots of lessons were learned, and taken to heart? (cough)

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