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Notes to myself, possibly of interest to others.
-- Bill Northlich

Tuesday, December 30, 2008

Wash. Post on AIG: They had it all

Many of the most compelling aspects of the economic cataclysm can be seen through the story of AIG and its Financial Products unit: the failure of credit-rating firms, the absence of meaningful federal regulation, the mistaken belief that private contracts did not pose systemic risk, the veneration of computer models and quantitative analysis.

Robert O'Harrow Jr. and Brady Dennis, Washington Post, 12.29.08

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