→ Bankruptcy and the Dark Knight

There are, of course, some problems with this. One of the characters makes a passing suggestion that there might be something that could be done because the transactions were obviously fraudulent, but that it would take too much time. Why is never explained. Indeed, why trading did not instantly cease the second it became apparent that someone was actually storming the trading floor was never explained. The fact that someone had access to the trading desk explains how the put options could have been created in the first place, but it doesn’t explain why anyone thought for one second that they were real. An actual attack on the trading floor might well close the market for a day or two while damage is repaired and additional security installed.

I think I’ve been asked to explain the law around this about 3 or 4 times. I’m glad I can now just point people to this Law and the Multiverse article.