full-disclosure - Re: SMS Banking

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Message-ID: <605f8e051002111732n22c2506epd2893aaefdb7d411@mail.gmail.com>
Date: Thu, 11 Feb 2010 20:32:16 -0500
From: Jeffrey Walton <noloader@...il.com>
To: Bhavuk Arora <ar.bhavuk@...il.com>
Cc: full-disclosure@...ts.grok.org.uk
Subject: Re: SMS Banking

> I think people at the Wall Street were also number crunching
> risk analyst. Look at them now.
Part of the problem with the US is that regulation only exists on
paper. Once a financial institute or insurer purchases enough
Congressional leaders (err, makes enough political contributions),
oversight no longer applies.

On Thu, Feb 11, 2010 at 1:19 PM, Bhavuk Arora <ar.bhavuk@...il.com> wrote:
> Wow
> This has been one of the most delightful little sparring session. With no
> head or tails though. If by pure number crunching, we, humans were capable
> of ascertaining actual risk, our world would not be in a moshpit right now.
> I think people at the Wall Street were also number crunching risk analyst.
> Look at them now. I wouldn't place my bets on measuring It risk either.
> Thanks and Regards
> Bhavuk Arora
> a student forever
>
>> [SNIP]

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