NYT: How Wall Street Lied to Its Computers

[spurster]

This seemed to be appropriate for this forum.

http://bits.blogs.nytimes.com/2008/09/18/how-wall-streets-quants-lied-to-their-computers/?ref=technology

How Wall Street Lied to Its Computers
By Saul Hansell

So where were the quants?

That’s what has been running through my head as I watch some of the oldest and seemingly best-run firms on Wall Street implode because of what turned out to be really bad bets on mortgage securities.

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[Heath Ledger]

this has nothing to do with geeks other than the word computer in your title.

[ChuckD]

this has nothing to do with geeks other than the word computer in your title.

Thank you, forum police for deciding that discussion of risk analysis algorithms isn't geeky enough for the geek forum.