[hitekker]

For those momentarily misled by this condescending comment:

> Despite its name, financial engineering does not belong to any of the fields in traditional professional engineering

> It is generally (but not always) a disparaging term, implying that someone is profiting from paper games at the expense of employees and investors.

>Many other authors have identified specific problems in financial engineering that caused catastrophes: Aaron Brown[23] named confusion between quants and regulators over the meaning of “capital”, Felix Salmon[24] gently pointed to the Gaussian copula, Ian Stewart[25] criticized the Black-Scholes formula, Pablo Triana[26] dislikes value at risk and Scott Patterson [27][28] accused quantitative traders and later high-frequency traders.

https://en.wikipedia.org/wiki/Financial_engineering#Criticis...