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- freddiedubya - Sep 29 2008 | to read, bookmarked, Mon
How Wall Street Lied to Its Computers - Bits Blog - NYTimes.com
Quoted: Bookmark this on Delicious - Saved by to finance technology risk business
- Sigalon - Sep 20 2008 | business, finance, Politics-US
It was like a weather forecaster in Houston last weekend talking about the onset of Hurricane Ike by giving the average wind speed for the previous month.
But many on Wall Street did even worse, as Mr. Berman describes it. They continued to trade very complex securities concocted by their most creative bankers even though their risk management systems weren’t able to understand the details of what they owned.
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