Did you ever see the "Warning" on pbs.org?
Not yet, Looks interesting and will watch it soon. I did enjoy the Enron and Lehman Front-line movies.
Warning even has a section on Long term capital management..
Have you ever read the book about Long term capital management? It was entitled "when Genius Failed"
Great book, there's an Ebook version floating around on the net..Just goes to show you how well these financial risk models hold up against the Once in 20 year storm etc..
LTCM had Nobel winning economists, mathematicians, etc..When they collapsed it could have caused a major systemic collapse rivaling AIG, Lehman, etc...