Felix Salmon published a great article in Wired that looks at the Recipe for Disaster: The Formula That Killed Wall Street. The article looks at the widespread use of the Gaussian copula function. In assessing the risks in mortgage backed securities. The theory behind Gaussian copula function tries to overcome the difficulty in assessing the [...]
Tag Archives: Felix Salmon
The Stanford Fraud
Yesterday, the SEC filed a complaint against R. Allen Stanford and three of his companies: Antiguan-based Stanford International Bank, Houston-based broker-dealer and investment adviser Stanford Group Company, and investment adviser Stanford Capital Management. Tuesday morning, the Wall Street Journal reported on Stanford Depositors head to Antigua or Redemptions. Word had gotten out that the authorities [...]
Social Media
My social media policies database is available to you.
Affilate
This website uses the Canvas Wordpress theme from WooThemes. (affiliate link)
