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Their creators want them to work because they generate profits at least in good times. The latter — risk models — are supposed to predict the bad times.

Business Headlines

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published Sep 14, 2018, 4:00:36 AM, by Cathy O’Neil (Bloomberg Opinion) — Ten years after a crisis that brought the world to the brink of Armageddon, the people overseeing the world’s largest economy insist they’ve reduced the risk of another financial disaster. Just one problem: We need a different financial

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