Wall Street's Naked Swindle : Rolling Stone:
"On Tuesday, March 11th, 2008, somebody — nobody knows who — made one of the craziest bets Wall Street has ever seen. The mystery figure spent $1.7 million on a series of options, gambling that shares in the venerable investment bank Bear Stearns would lose more than half their value in nine days or less. It was madness — 'like buying 1.7 million lottery tickets,' according to one financial analyst. But what's even crazier is that the bet paid."