Lee, If you read the book you remember most all this began in academia, those so anti-business you would think they would regulate themselves....I certainly didn't mean for this to go this direction, I was only trying to answer Harry on what a quant was and also how they have affected our everyday lives.
I love the lighthearted response of so many....in the future I will withhold my comments on subjects related to the Mac for fear it will open a door that I didn't dream. I felt there would be those on the list that would like to know how magnified our housing mess became due to the whiz kids that learned from the best professors our Universities could produce. Have a great holiday folks, I'll go mow some more........ John On May 26, 2013, at 4:26 PM, Lee Larson wrote: > On May 26, 2013, at 4:05 PM, John Robinson wrote: > >> No politics intended Sandra, it is what it is. I felt that most on the list >> would find it interesting (if they didn't already know) the real cause of >> our current mess, not only a small segment in housing but quants, that >> exacerbated an already bad situation. Informed people are empowered people. > > Yes it is politics. I read Patterson's book. There isn't much exploration of > the fact that oversight of the institutions was greatly deemphasized during > the early years of this century, or the affect of mega-mergers on the > consolidation of risk, or the gutting of the Glass-Steagall Act in 1999, or > ... > > Let's not drive this list into a deep and dark rabbit hole. > > > > _______________________________________________ > MacGroup mailing list > [email protected] > http://www.math.louisville.edu/mailman/listinfo/macgroup
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