On: We will not pursue the potential acquisition of FT...

[pseudosavant]

You could say that MBS/CDOs were 'leaky abstractions', and that there were equivalents to 'code smells' to suggest they weren't the golden debt they masqueraded as. I can't think of other professions that develop the same level of abstractions that programmers and bankers create. Layers and layers of inputs and outputs.

[TheOtherHobbes → pseudosavant]

You could also say they were deliberate fraud.

The number of big-name banks whose actions are questionable [1] - if not actually criminal - is astonishing.

[1] As reported by insider papers like the Financial Times.