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Author Topic: Greenspan on Capitol Hill  (Read 563 times)

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Kestastrophe

  • "Hero" isn't the right word, but its the first word that comes to mind
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Greenspan on Capitol Hill
« 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.
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jon
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