https://hackerpaper.kaipfister.de/p/0908.4420/Collected HN comments and submissions linking this paper.enMon, 02 Nov 2026 11:16:22 GMThttps://news.ycombinator.com/item?id=5200015urn:hackerpapers:mention:0908.4420:5200015Mon, 11 Feb 2013 09:13:39 GMT<p>There were several things that broke with the London Whale. And spreadsheets are not to blame for things like LIBOR fixing, or late trading on mutual funds or any of the other fraudulent practices of big banking. But still, spreadsheets are full of normal human errors, and based on flawed assumptions, with little oversight, and they control huge amounts of money in novel instruments. From EuSpRIG: &gt; &quot;This market grew very quickly due to the ease with which it was possible to design and promulgate opaque financial instruments based on large spreadsheets with critical flaws in their key…</p><p><a href="https://hackerpaper.kaipfister.de/p/0908.4420/">Paper and discussion history</a>. A mention is not an endorsement.</p>cs.CY