The Derivative Depravity of the Epstein Class

Arjun Appadurai in The Wire:

The shocking West Asian war unleashed by the USA and Israel is a source of relief to Donald Trump because it has temporarily taken media attention away from his greatest domestic  scandal, his long and sordid ties with the deceased sex trafficker, Jeffrey Epstein. But the Epstein story will return to haunt Trump forever.

It is now evident that Jeffrey Epstein was both a financial conman and a depraved sex trafficker. These were his twin paths to cross breeding the most disparate elites on both sides of the Atlantic, and well beyond. He was the patriarch of what is now often called The Epstein Class. The connection between the sexual and financial elements of his career merit a closer look, which involves two keywords in modern finance: leverage and derivatives.

More here.

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