Financial Times FT.com

The Future of Capitalism

Lost through destructive creation

By Gillian Tett

Published: March 9 2009 20:22 | Last updated: March 9 2009 20:22

Six years ago, Ron den Braber was working at Royal Bank of Scotland in London when he became worried that the bank’s models were underestimating the risk of credit products. But when the Dutch statistical expert alerted his bosses to the problem, he faced so much disapproval that he eventually left.

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