Reply #12: Yes, another Long-Term Capital Management could NEVER happen again

[hatrack]

Of course, the brilliant economists and mathemeticians of LTCM had it all worked out, and had calculated that their business could not fail within multiple lifetimes of the universe.

But, hey, nothing wrong here that the odd bailout or two for giant banks won't fix, so another round of margaritis, waiter! Let's keep this party going!