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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: risk management

risk management stories: 6 news summaries

CIT Bust Would Cost US $2.3B, Earn Goldman $1B

Taxpayers shares could go up in smoke while Goldman gains

Oct 5, 09 4:29 AM CDT
(Newser) - Troubled commercial lender CIT, circling the drain for more than a year, would cost taxpayers $2.3 billion in shares purchased by the Treasury Department if it files for Chapter 11 soon—but Goldman Sachs, which gave the lender emergency funding, stands to collect a $1 billion windfall if it... More »

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Goldman Sachs • bankruptcy • risk management • bailout • Chapter 11 • credit default swap • CIT Group

OPINION

Unlike, Say, Iran's Nukes,
Flu Is Worth
Real Worrying

Pandemic possible,
and closer to home

Apr 28, 09 9:29 AM CDT
(Newser) - In the modern world, it’s hard to know what to be scared of, writes Eugene Robinson in the Washington Post. We watch the flashy threats—Russia, Pakistan, terrorists—and end up worrying about the wrong disaster. “But we also should think about other threats that could potentially cause... More »

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risk management • influenza • pandemic • swine flu

GLOSSIES

Economic Crisis Wallops Business Grads

Current students jockey for fewer jobs; programs see surge in applications

Nov 16, 08 5:37 AM CST
(Newser) - With the financial world in free-fall, recent business-school graduates are finding fewer jobs and fierce competition for the ones that remain, Business Week reports. “A lot of the factors affecting my future employment are out of my hands,” said one MBA student preparing to hunt for a job... More »

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business school • risk management • consulting • college graduates • financial crisis

ANALYSIS

Geek Squad's Models Missed Risks—and AIG Paid Price

Insurance giant's dependence on computer predictions made situation far worse

Nov 3, 08 12:06 PM CST
(Newser) - “All I can say is beware of geeks bearing formulas,” Warren Buffett once said. AIG didn’t heed his advice. The huge insurer bet tens of billions on credit-default swaps, guided by imperfect risk-assessment models created by a moonlighting finance professor, the Wall Street Journal reports. AIG knew... More »

MORE ABOUT:
model • AIG • risk management • bailout • financial crisis

Living on the Edge in Connecticut

Will hedge-fund legend Victor Niederhoffer go broke again?

Oct 15, 07 7:00 AM CDT
(Newser) - Victor Niederhoffer is many things: a champion squash player, a family man (six children from two wives and a mistress), a blogger, and a math prodigy.  But mostly he is a trader. He amassed huge wealth working with George Soros in the 1980s, losing it all in 1997. He... More »

MORE ABOUT:
stock market • University of Chicago • Connecticut • hedge fund • trading • equity trading • risk management • Harvard • Victor Niederhoffer • squash • Manchester Trading

Credit Crisis: Damaging or Deserved?

Economist calls risk adjustment necessary, if hazardous

Aug 19, 07 9:17 PM CDT
(Newser) - The Economist takes the long view on the turmoil that has engulfed the financial markets, noting that investors have long wondered whether the "the securitisation of just about every form of debt into a tradable asset" would, in the end, spread risk efficiently or lead to cataclysmic failure. The... More »

MORE ABOUT:
investors • finance • markets • credit market • risk management

6 Stories


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