Monday, Apr 27, 2009
No model outliers - just lots of liars
Q and A Podcasts: Q and A with Janet Tavakoli
An insider names names and shows that fraud, not mispricing of risk by those dazzled by their own models, caused the crisis, which continues because the bad guys are still in power and are bailing themselves out. Do read past the personal stuff in the middle of the interview because after that she she continues in the same vein. Things are certainly not improving under Obama, so maybe in 2012 we'll have the release of Bush Crime Family III.
Posted by icarus @ 10:54 AM (320 views) Add Comment
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