THE BORE

General => The Superdeep Borehole => Topic started by: Kestastrophe on October 23, 2008, 10:47:31 AM

Title: Greenspan on Capitol Hill
Post by: Kestastrophe on October 23, 2008, 10:47:31 AM
Anybody else watch his opening statement? I am pretty sure I heard his discrediting the Black-Scholes pricing model (he mentioned Nobel prize winner, so this is what I guess) as flawed and one of the main problems in the crisis  :lol.

Sorry about the shitty OP, I have to go to class, I just wanted to get a quick thought out there.