OMFG:

Some Wall Street investors made money as the mortgage market boomed; others profited when it fell apart.

Having reaped big gains during both of those turns, Greg Lippmann, a former star trader at Deutsche Bank, is now catching the next upswing: buying the same securities built from mortgages that he bet against before the financial crisis erupted.

Bonds Backed by Mortgages Regain Allure, New York Times

Seriously? Seriously? A worldwide economic collapse wasn’t enough to warn investors not to do this? I don’t know what I’m more disgusted by, the realization that this was never made illegal, the implication that investors seem incapable of learning from their mistakes, or the sad fact that a majority of the nation isn’t out in the streets with pitchforks and torches, bent on revolution.