Make no mistake I see great validity and purpose in the work Organization For Action is setting out to accomplish and I certainly have no objection to their raising as much money as they can in furtherance of their goals and objectives.

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When risk managers can do assumption testing on those models, they are much better able to see the validity of the models used across the organization and get a more informed debate rather than listening to trader, who say that because they are making loads of money their models must be right.

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