Sunday, March 01, 2009

How Math Ruined the Economy

A truly fascinating segment from Marketplace on NPR about how a flawed math formula may be one of the root causes to the current meltdown.

The real formula is probably more along the lines of (greed) ^ (stupidity) = OMG we R fux0red, but the one on Marketplace is pretty good too.

2 Comments:

Blogger sexy said...

This comment has been removed by a blog administrator.

12:31 AM  
Anonymous Steve C said...

Wall Street executives believed the financial wonks when they promised CDSs and CDOs were safe because they were insured. Not only did these executives not have a clue, they still don't.

3:01 PM  

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