Tag Archives: risk

Since the vivid failure of financial risk models in 2007-2008, regulators, auditors, IT professionals, and others have begun pressuring for estimates of “model risk.” Looking back, it is clear that financial engineers underestimated the risk of a crash in housing Full entry→

In 2002 Fannie Mae gave CEO Franklin Raines a salary of just under $1 million, a bonus of $3.3 million, stock options worth $6.7 million, and a “long-term” incentive payment of $7.2 million. These non-salary payments were each geared to Full entry→