I have been told by many over the years that I have an abnormally calm demeanour – very few things make me go nuts, or even make the outward manifestation of an exclamation point.
HOWEVER: this story, narrated by Matt Levine at Bloomberg, really made me excited and giddy; with big laughs, scoffs, etc. The fact it’s about financial innovation gone horribly wrong probably helps prove the point (if any more proof were needed) that I am, indeed, a personal finance geek.
Let this be a lesson to us all: read the fine print. Sometimes the institution messed up in your favour.