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Head of modelling risk for RBS. Maybe some of it was derivatives. Some of it should have been modelling the cost of borrowing money on wholesale markets. The RB
by branchless 12y ago
Head of modelling risk for RBS. Maybe some of it was derivatives. Some of it should have been modelling the cost of borrowing money on wholesale markets. The RBS strategy was leverage to the hilt, borrow short, lend long. Lunacy.
- deleted 12y ago[deleted]
- cma 12y agoMaybe he thought it was a bad srategy until he calculated in the likelihood of tax-payer bailout if things went wrong.