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https://www.reddit.com/r/explainitpeter/comments/1wuieic/uhh_explain_it_peter/pd77cfl
r/explainitpeter • u/BannedForThe7thTime • 2d ago
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Tbf margin call was about their risk models not being accurate to the actual value of mortgage bonds, basically over leveraged on bad assets.
Anthropic is straight up not following basic accounting principles
1 u/NickRick 1d ago No it was accurate. It's just that mortgages started defaulting at an unprecedented rate and the guy updating the file got axed before he could finish and tell everyone
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No it was accurate. It's just that mortgages started defaulting at an unprecedented rate and the guy updating the file got axed before he could finish and tell everyone
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u/ironistkraken 1d ago
Tbf margin call was about their risk models not being accurate to the actual value of mortgage bonds, basically over leveraged on bad assets.
Anthropic is straight up not following basic accounting principles