[yummyfajitas]

I'd probably be such a person (former HFT). But here's the thing - I know fuck all about mortgages.

I know a bit more than the average person, e.g. I know the actual mechanics of a CMO. Certainly I can see past the "evil vampire squids pooping toxic waste onto innocent homeowners" story the media pushes. But if Michael Lewis wanted to fool HFTs giving the Big Short a casual read, he could.

In much the same way, I'm sure mortgage people could potentially see through BS in the Big Short (if such exists) but couldn't spot it in Flash Boys. I also suspect that HFTs (read: computer geeks, the sort of folks who read HN) are far more vocal on the internet than mortgage guys.

[at5]

Not much in the way of bs in the big short tbh. A little dramatisation of the characters probably but hey, gotta sell a book right? Facts were pretty spot on. The book atleast; no clue about the movie.