Usagi should be viewed as a case study regarding what happens when a person with nearly zero knowledge of finance and business tries to manage a venture (let alone multiple ventures at once.)
On a similar note, several of you have been regularly labeled trolls - in the interests of disclosure, thank you all for asking the hard questions.
Because this isn't just about usagi. This is about future securities being
better quality than the fare we have to trade right now. If the community is willing to ask hard questions and pore over spreadsheets, this can only help asset quality.
Right now it might just seem like the drama of the month. But I'm willing to bet that there will be some important lessons learned from all this. Hopefully leading to some permanent changes.
~pyotr