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Tag: financial models
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2010.04.07 14:57:50 Did you ever wonder what this financial crisis taught us? If you did, you probably came to the same conclusion as me: if you don't cheat, steal and bribe, you go down. As a banker, your job is to manage risk. You borrow money from depositors and you lend it to entrepreneurs and businesses who create jobs....... Read more...
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2009.10.21 10:18:23 It looks like the financial crisis based due to CDOs, CDS, and other exotic products did not have any effect on making the financial terms any easier. Popular risk analysis tools were based on the 'simple' Geometric Brownian Motion, but that seems now to be based on wrong assumptions. AIG paid the cost...... Read more...
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