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The dog in the night time: Difference between revisions
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→Nothing to see here folks
Amwelladmin (talk | contribs) Tags: Mobile edit Mobile web edit |
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====Nothing to see here folks==== | ====Nothing to see here folks==== | ||
*'''Narrative failures''': Control oversights brought about by overzealous application of the theory of the game. | *'''Narrative failures''': Control oversights brought about by overzealous application of the theory of the game. | ||
**LTCM: reliance on Black | **LTCM: reliance on Black Scholes notwithstanding it's failure to manage tail events | ||
**WireCard: BaFin not able to believe that this could be corporate fraud when "mendacious short-selling" by "locust" hedge funds - aided and abetted by, ahh, investigative FT journalists - fit the BaFin's regulatory world view and seemed a better story. | **WireCard: BaFin not able to believe that this could be corporate fraud when "mendacious short-selling" by "locust" hedge funds - aided and abetted by, ahh, investigative FT journalists - fit the BaFin's regulatory world view and seemed a better story. | ||
*'''Sleepy backwater''': It’s a boring and unglamorous part of the operational network. No one’s taking any risks there: Libor, Kerviel, Abodolo. | *'''Sleepy backwater''': It’s a boring and unglamorous part of the operational network. No one’s taking any risks there: Libor, Kerviel, Abodolo. | ||
*'''Weird whistleblowers''': The people who called it out were unglamorous, outsiders, easy to catagorise as cranks | *'''Weird whistleblowers''': The people who called it out were unglamorous, outsiders, easy to catagorise as cranks. Harry Markopolos | ||
====Porkie Indicators==== | ====Porkie Indicators==== | ||