Last week's Department of Justice lawsuit against S&P reminds that five years after the financial crisis, the global financial system is still broken and constructive solutions remain out of reach. We believe that open source tools can bring the transparency that this system needs, and have formed a Meetup group in San Francisco to discuss open source /open data finance concepts.
Our next Meetup is Wednesday, February 20th at 6:00 PM at the offices of Kaggle, 188 King Street Unit 502, San Francisco, CA. To attend in person, please join the Open Source Finance Meetup <http://www.meetup.com/Open-Source-Finance> group and RSVP. A description of this meeting follows: Rating agency assessments of sovereign debt have been in the news for some time. In 2011, S&P faced enormous criticism for downgrading the US, while all agencies have been criticized for downgrading Greece too late and for discriminating against emerging market countries. Less is said about US state bond ratings, but interested observers might wonder why California is still rated lower than many toxic assets despite balancing its budget. Instead of analyst discretion, sovereign and state credit ratings can and should be calculated with transparent, open source computer models. Last year, I introduced such a model - the <http://www.publicsectorcredit.org/pscf.html> Public Sector Credit Framework - which I will demonstrate. The tool uses a combination of Excel and C to perform a multi-year fiscal simulation on the target government. No food this time, but we are offering a virtual meeting alternative. Up to 24 remote attendees can access the session using GoToMeeting. There is no charge for attending a GoToMeeting but you do have to download a small client app. Most major platforms are supported. Details are as follows: Web Address: <https://www3.gotomeeting.com/join/463426174> https://www3.gotomeeting.com/join/463426174 Telephone Number: +1 (619) 550-0000 Access Code: 463-426-174 Start Time: 6:30 PM Pacific Standard Time
_______________________________________________ okfn-discuss mailing list [email protected] http://lists.okfn.org/mailman/listinfo/okfn-discuss Unsubscribe: http://lists.okfn.org/mailman/options/okfn-discuss
