Recipe for Disaster: The Formula That Killed Wall Street
Recipe for Disaster: The Formula That Killed Wall Street
This is one of the most important articles ever written that captures the danger of the formula that hid the real risk of mortgages all going bad at the same time through a bogus formula called the Gaussian Copula.
This is one of the most important articles ever written that captures the danger of the formula that hid the real risk of mortgages all going bad at the same time through a bogus formula called the Gaussian Copula.
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