Again, the failure of financial risk models in 2008 was pretty much the same thing. Same techniques, similar failures.
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Replying to @anomalyuk @fxxfy
Isn't there a Moldbug post about all this?
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Moldbug wrote about central banking & maturity transformation, not details of risk management. NNT's the main guy
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But I'm writing from my own experience; I implemented & ran those models for banks that no longer exist.
7:54 AM - 9 Nov 2016
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