The solution to ban onion futures trading seems shortsighted. Couldn't this happen again with another type of future contract? Was there really nothing else that Kosuga did that was illegal or could be made illegal?
I suppose today it would be impossible for something like this to unfold the same way that it did in 1955. Still, given how much larger the financial services industry is and how clever they have been at packaging and repackaging things, could a few well-financed traders accomplish the same outcome today?
[off-topic] Something may be unreliable with regard to HN submission timestamps at the moment.<p>When viewing the poster's submissions, the timestamp for this article displays as '1 day ago'.<p>Currently when viewing it as a thread, it appears to be posted '3 hours ago'.<p>Is there a HN database migration / update in progress?