Re: SMS Banking

[Jeffrey Walton <noloader () gmail com>]

> I think people at the Wall Street were also number crunching
> risk analyst. Look at them now.
Part of the problem with the US is that regulation only exists on
paper. Once a financial institute or insurer purchases enough
Congressional leaders (err, makes enough political contributions),
oversight no longer applies.

On Thu, Feb 11, 2010 at 1:19 PM, Bhavuk Arora <ar.bhavuk () gmail com> wrote:
> Wow
> This has been one of the most delightful little sparring session. With no
> head or tails though. If by pure number crunching, we, humans were capable
> of ascertaining actual risk, our world would not be in a moshpit right now.
> I think people at the Wall Street were also number crunching risk analyst.
> Look at them now. I wouldn't place my bets on measuring It risk either.
> Thanks and Regards
> Bhavuk Arora
> a student forever
>
> > [SNIP]

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