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Heard on the street: quantitative questions from Wall Street interviews Timothy Falcon Crack
Publisher: T.F.Crack

The Fed responded by doing the equivalent—they started buying bonds—or as economists call it, “Quantitative Easing” (QE if you want to sound cool). Former Federal Reserve chairman Paul Volcker, who initially devised the so-called Volcker Rule to keep proprietary trading in check, though extensive revision and legislative resistance have put the future of these efforts in question. Yet the earnings reports of the past several days have mainly served as a reminder that whether times are good or bad, people on Wall Street tend to make a lot of money. In the two years I spent at the hedge fund I don't think I ever heard someone say: Let's allocate this capital better. The Fed then ran into another problem. Read blog posts on Misguided Efforts: A Cautionary Tale on Wall Street Oasis, the largest finance industry social network and web community. You've heard these questions – only they've been 1 big question rather than 3 smaller ones. And the only people that were seriously looking at the numbers, which were few and far between, were quantitative hedge funds--which, they were actually risking their own money. Cathy O'Neil, data scientist and blogger at mathbabe.org, talks with EconTalk host Russ Roberts about her journey from Wall Street to Occupy Wall Street. 0% interest from Bernanke in the form of Quantitative Easing.