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According to their SEC filing, the source of the error was that they were using both percentages and decimals in the software, and someone thought that a decima
by jplewicke 16y ago
According to their SEC filing, the source of the error was that they were using both percentages and decimals in the software, and someone thought that a decimal was a percentage. It's surprising how little your risk model does for you when you multiply it by 0.01.