Category Archives: cautionary tales

Financial Times Interviews R&R’s Raynes and Rutledge about Moody’s

In the late ’90s, research and development at Moody’s slowed right down,” says [Ann] Rutledge. “The banks caught up. And then they came to be the ones in the lead.” As the structured finance arms race accelerated, Moody’s and its peers became more passive participants. Where the firm had once been at the cutting edge […]

Also posted in Ann Rutledge, Moody's Investors Service, Sylvain Raynes | Leave a comment

The Collapse of the Tacoma Narrows Bridge

A cautionary tale about finance
The collapse of the Tacoma Narrows Bridge, due to unforeseen resonance effects, is more than a watershed in the history of bridge design and civil engineering. It is an object lesson in the need to fully understand a problem before designing its solution.
The Tacoma Narrows Bridge, November 7th 1940
Bridges and airplanes represent decades […]

Also posted in Curmudgeon, Sylvain Raynes | Leave a comment
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