''$16 billion of dollar liabilities and assets consisting mostly of some magic beans you invented and acquired for zero dollars? WHAT?'' Unbelievable and yet recurring story. a Netflix doc soon looms up...

This is solid writing by Matt Levine: "You cannot apply ordinary arithmetic to numbers in a cell labeled “HIDDEN POORLY INTERNALLY LABELED ACCOUNT.” The result of adding or subtracting those numbers with ordinary numbers is not a number; it is prison."

Brilliant pieces.