Sure I will dig out some names but to simplify step 1 - Anyone who has
QUANT or Financial Engineer or Financial Data Engineer ( They used to
quantify now they just design and operate the Complexity models ) on
their business card and works at Lehman Brothers / AIG or Fannie Duo /
WAMU etc
More fun here
http://www.technologyreview.com/blog/editors/22132/#comment-205229
I have info but ts not verified yet that a group of the Quants at Lehman
running the SAME ( Used at LTC and the Big E ) system came from Long
Term Capital and Enron -----------WOW thats credibility They are now
moving to Barclay's and Sumitomo Mitsui etal ( maybe they have a Yen for
more destruction Ouch )
Also mulling a model tree to track these guys and gals through their
carrier path with the associated negative cash damage as a result
Had some interesting calls today from mad as hell legal beagles on
verifiability of complexity models with the simple parameter that if you
cannot independently verify and at the same time are calling a fund
secured you have committed fraud and have opened the fund and insurers
to humugo legal action both civil and federal
It sounds like some expert testimony will be needed so if you want to
play let me know and I will make up a list of who / quals / rates etc
Talk about " we plan God laughs "
( : ( : pete
Peter Baston
*IDEAS*
/www.ideapete.com/ <http://www.ideapete.com/>
glen e. p. ropella wrote:
Hey Pete,
That's definitely an interesting extrapolation from that Make article.
I love stuff like that. Thanks.
But can you help me reduce my ignorance? Which "complexity science
geniuses" created these credit models? And which ones do you think
might go to jail?
-glen
Thus spake peter circa 09/30/2008 11:06 AM:
http://www.make-digital.com/make/vol15/?pg=173
Here is a beautiful article by George Dyson that is truly one of the
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