"Out." I repeated.She gathered her clothes and left quickly, avoiding my eyes.==The next Friday she came over again, this time wearing a little black negligée. It was completely see-through except for the bra, which was pushing her boobs up and giving her the most spectacular cleavage. I could see that she wasn't wearing any panties underneath it."Do you like this?" she asked, swirling the hem around the top of her thighs, "I bought it for you."It was so strange, how even though I'd seen her naked so many times by now, this little bit of cover made things so erotic."It's very nice, Jessica." I said calmly.Her face lit up with delight. She bounced happily, her cleavage jiggling. She really wanted to please me. But I wanted her naked."But we wouldn't want to get it all messy, would we?" I said.She shook her head, huge smile still spread across her face, and started to slip out of it.Seeing how much my opinion mattered to her, how happy a simple compliment made her, was a huge. They also understood that there was an excellent chance that they would be wealthy enough to skate by whatever collapse they caused by the time they caused it.And then Arthur found the Holy Grail. A big part of his success had come from figuring out what securities were actually worth compared to what the market said they were worth. That knowledge often came from diligently picking apart financial devices that had been designed for opacity. No matter how abstract or synthetic an instrument was, there was always a real, tangible thing at the bottom of it.In 2006, Arthur Black had been at an investor’s conference half-listening to a seminar on the subject of collateralized mortgage obligations and doodling on a legal pad. A question from the audience caused him to look down at what he had drawn and realize it was a diagram of the tension vectors inherent in those securities. Those tensions looked like a bomb waiting to explode. Thinking too hard about the combination of lending money.
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