spurster
09-20-2008, 04:35 PM
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.
...
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.
...