NYT: How Wall Street Lied to Its Computers

This seemed to be appropriate for this forum.

http://bits.blogs.nytimes.com/2008/0...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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this has nothing to do with geeks other than the word computer in your title.

Quote:

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Originally Posted by Heath Ledger

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

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