Two nice accounts of how we mathematicians (probabilists in particular) and computer scientists contributed to the financialization mess:
End-of-the-World Trade
THE SUBPRIME CRISIS
The probabilists dreamt up the fancy models (all wrong!) and we computer scientists crunched the numbers. The computer scientists managed to hit two birds with the same stone: by the amount of air conditioning needed to cool their number crunchers, they hit the climate too!
