Re:The Quants: Formula for a Meltdown
by mschy on Sunday January 24, 2010 @07:06AM
(#1073232)
The article struck me as anti-intellectualism run amok. I didn't even see a hint of anything indicating that quants were especially to blame.
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I see this as a scape goating of the quants. Not the mismanagers who hired and profited from the quants. The culpability of the mismanagerial classes are being whitewashed away.
I feel the same way. They make it sound like quants are these high falutin half-Gordon Gekko/half-Charlie Epps figures who use their sheisty siren call of maths to seduce the otherwise noble and innocent investors into foolish endeavors. That's simply not the case: it was the other way around.
The OP source is one of the organs of record for a specific political set and this is probably the outlines of the (official) emerging sacrificial goat theory for the collapse. The "anti-intellectual" aspect is likely incidental beyond its nice fit with a strategy designed to deflect the certain anger and energy of the ripped off population.