BigDataFr recommends: Using new models and big data to better understand financial risk

[…] The financial crisis of 2008, which saw the failure of major investment banks Bear Stearns and Lehman Brothers, and the subsequent government bailout of insurance giant American International Group (AIG), had a ripple effect around the globe. How did America’s housing collapse lead to the downfall of these institutions? And why did that, in turn, translate into a severe economic downturn? […]

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By Jennifer Donovan | Institute for Data, Systems, and Society
Source: news.mit.edu