Is Financial Engineering, actually engineering?

<p>well math was created by humans for measurement so beginning to sound like Survey Engineering was first now</p>

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<p>With all due respect, the housing bubble was not a result of marketing ploys, it was caused by the creation of artificially high credit in the mortgage market as a result of low interest rates from the Fed, requirements put on banks to extend credit to people who weren’t credit-worthy, and lax regulation of the socialized mortgage giants Fannie Mae and Freddie Max, while government-enforced use of bogus credit rating agencies to hide the risk and let it bleed into the worldwide financial system led to the recession when the house of cards collapsed.</p>

<p>Sure, there were marketing ploys, and people were getting suckered into mortgage deals they never would have gotten suckered into and buying houses they otherwise wouldn’t have bought, BUT none of this would have happened anyway had the underlying government-created credit bubble not existed in the first place. One can’t leave a ham sandwich on the kitchen counter for a month, then blame the inevitable mold that covers it for its spoilage. The fault lies with the dope who didn’t put the sandwich in a baggy and shove it in the fridge.</p>

<p>@ CalPoly
ROFL Okay.</p>

<p>Well you see we carry a bigger brain but some of us (myself, sadly -.-) can’t use it properly. LOL
If only we can fly away without getting caught for that, then we absolutely are birds.</p>

<p>This is still an individualist country and it is the purchaser’s responsibility to do their homework first as the information to make an informed decision is available. I do not buy into the notion that it is all the governments fault and people were suckered. It is unrealistic and ignorant to think that a house assessed at a half million dollars will retain a value of a million. It is short sighted and selfish to think there is some magic balloon that goes up forever just because a group of people wanted to create a cash cow out of one of the biggest pie in the sky American schemes. Once a person signs their name to a document it is their responsibility to honor that agreement. </p>

<p>There was nobody putting a gun to their head nor coercing them into buying a home. Why should responsible citizens bail out the irresponsible ones? Just like under rule of law, to be ignorant of a nations laws does not entail that one is exempt from them. If people want to gamble in the housing market they should accept where the cards may fall. A point I mentioned and feel ignored is that ultimately there will be WINNERS and LOSERS. Are you telling me that the majority should reward such hubris, unscrupulous and irresponsible behavior for tempting fate to only end up a LOSER? By that logic, then you should pay for my losses if I go to Vegas and gamble all my money away. It would be the same argument from ignorance to claim that I am cognitively unaware of the risks when place my money down on the table.</p>

<p>Is sanitary engineering considered engineer? ■■■■■</p>

<p>Actually it would qualify as engineering since incorporates some Surveying, Mechanical and a bit of Geo Engineering as part of it’s curriculum. I consider Sanitary closer to engineering than say a Glass Art or Digital Art Media Engineering degree.</p>

<p>In the future, all restaurants are Taco Bells, and all engineerings are Financial Engineering.</p>

<p>I hope this answered your question.</p>

<p>Thx Andrewsky!!! I feel much better now knowing my money will be better spent and much more secure handing over to Taco Bell than a Financial Engineer.</p>

<p>Dude, Taco Bell? You serious?
You meant Wendy’s.</p>

<p>Come on. Taco Bell - epic failzzzz.</p>

<p>Anyway.</p>

<p>I know that’s a joke right? lol personally I would prefer wendy’s to be the only restaurants, but that doesn’t matter either.</p>

<p>Wendy’s rocked on the west coast until took away the salad bar and lost a lot of business. More people on the west coast and China go to Taco Smell over Wendy’s. That said, I’m really not kidding since Yum! Brands and McDonald’s were the two companies for the past two years who turned a healthier profit over any company that hired a Financial Engineer.<br>
It’s really a No-Brainer since would be a wiser choice and more prudent investment plus better job security and faster promotion.</p>