Which are the Poseidon mistakes?

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2026-04-25 22:46

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The Poseidon mistakes refer to a series of miscalculations made by the investment bank Merrill Lynch during the early 2000s related to their risk management and valuation models for mortgage-backed securities. These errors contributed to substantial financial losses and were part of the broader financial crisis. Key mistakes included underestimating the risk of mortgage defaults and failing to account for the correlation between different financial instruments. Ultimately, these misjudgments highlighted significant flaws in the bank's risk assessment processes.

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