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2/10/2010

VPRO Documentary: Tegenlicht: Quants: the alchemists of Wall Street

Date broadcasted: 25-01-2010

Last year the world verged on the brink of the abyss, during a quants induced collapse of the financial markets. Quants are the mathmaticians and programmers in the machine room of our global financial system. The documentary speaks with the smartest 'kids' on Wall Street.
Inside stories how bad mortgage loans were cut into profitable financial derivatives.
How our financial markets became more and more dependant of models and algorythms, while boards of directors blissfully ignorant were lead by those whizkids.
Unnerving is how things were back to business as usual within a couple of months.

Documentary Quants click to view

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