'financial meltdown' tagged blog posts in Seal's View

On my flight to India I got a chance to read an article in the Dec issue of Scientific American.  I like the fact it brought attention towards how one can appear to demystify risk with the right mathematical jargon.  But can quants be blamed to a great extent for the financial meltdown?  Are they behind the lack of regulation that contributed to the trading of those complex fixed- income instruments - without their...