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Iris Mack
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Iris Mack, PhD, EMBA earned a Harvard doctorate in Applied Mathematics and a London Business School MBA. She is a former MIT professor. Dr. Mack is also a former Derivatives Quant/Trader who has worked in financial institutions in the U.S., London and Asia. She recently published a new book entitled "Energy Trading and Risk Management: A Practical Approach to Hedging, Trading and Portfolio Diversification."

Dr. Mack lectures and consults on Energy Derivatives, Quantitative Finance and High Frequency Trading for
1. Fitch 7City Certificate of Quantitative Finance Program in NYC
2. Fitch 7City Corporate Finance Consulting Group in Singapore
3. The Terrapinn Group in Singapore, Hong Kong and London

In addition, Dr. Mack serves on various boards:
National Academy of Sciences's Transportation Research Board
AlgoAnalytics Trading and Financial Analytics (India)
MarketExpress Financial News and Research (India)
Women Mentor Women Foundation
I Can Still Do That Foundation


Dr. Mack founded Phat Math Inc. in Miami, Florida in 2003. A few years later in 2007 she and her colleagues at Phat Math launched their prototype mathematics edutainment social network PhatMath.com. Students in grades K-12 and College have access to free 24/7 online math homework help on PhatMath.com - named one of the Top 50 Social Sites for Educators and Academics and 25 Useful Networking Sites for Grad Students.

Dr. Mack has been an astronaut semifinalist, one of Glamour Magazine’s “Top 10” college students, one of Glamour’s “Top 10” working women, an investment banker, an Enron Energy Trader and an MIT professor. In addition, she was the second African-American female to earn a doctorate in Applied Mathematics from Harvard. Later she became a mathematics and business school professor, while simultaneously running a consulting firm.

More information about Dr. Mack’s professional experiences, her academic credentials, speaking engagements, quantitative finance and energy blogs, may be found on www.IMackGroup.com and and on http://www.wilmott.com/blogs/irismack/.

Entries by Iris Mack

A Rothschild Puppet Master: Exploited Statistics, Technology and Elite Connections to Influence the Media and Markets in the 19th Century

(0) Comments | Posted May 13, 2011 | 3:10 PM

2011-05-16-agentobscurcovercut.jpgIt’s funny how you think you know someone, and then you are pleasantly surprised to learn that there is more to this person than meets the eye. I am referring to a friend of mine – Dr. Guenther Dobrauz. ...

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Outside the U.S., Math Isn't Just for Boys

(0) Comments | Posted March 21, 2011 | 1:09 PM

Recently a colleague of mine at the Bill and Melinda Gates Foundation forwarded the following article to my attention: 'Math is for Boys' Stereotype Still Alive, by Valerie Strauss. The synopsis of Ms. Strauss's article is that by second grade girls and boys express the stereotype that ''math...

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National Academies of Sciences: Student Graduate Research Program on Public Sector Aviation Issues

(0) Comments | Posted February 16, 2011 | 12:12 AM

I am currently serving on the Transportation Research Advisory Board at the National Academies of Sciences.  Serving on this board is very exciting. It gives me an opportunity to make a contribution in the...

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Unemployment 'Math': Statistical Lies

(15) Comments | Posted February 7, 2011 | 3:02 PM

If they were honest, the headlines would read "Few jobs created last month while many give up looking and fall off the rolls."

Friday morning I was listening to MSNBC while eating breakfast. Here's a transcript of what almost made me choke on my food -


...

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Beware of Bank ATM "Skimmers"

(0) Comments | Posted November 19, 2010 | 11:25 PM

 

Organized criminals are installing equipment on legitimate bank ATMs to steal both the ATM card number and the PIN. The team of criminals sits nearby in a car receiving the information transmitted wirelessly over weekends and evenings from equipment they...

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Swiss Banker's Reaction to U.S. Treasury Hiding A.I.G. Loss

(34) Comments | Posted November 9, 2010 | 10:59 AM

A couple of my readers contacted me regarding my recent blog article Inspector General Barofsky: U.S. Treasury Hid A.I.G. Loss.


Christopher Hill of Krisken Managment in Geneva, Switzerland said:

After reading this information, I ask, how is it possible that...

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How Former SEC Chairman Levitt "Ducked" on Financial Regulation (videos)

(1) Comments | Posted October 22, 2010 | 5:20 PM

Congress "ducked" on financial regulation, neglecting to solve the problems that caused the financial crisis, former SEC chairman Arthur Levitt said.

In an interview with the Street, Levitt, who now serves as a Goldman Sachs adviser, said the Dodd-Frank financial legislation, passed in July, accomplishes very...

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SEC = Securities Executive Club

(0) Comments | Posted October 17, 2010 | 3:08 PM

Many people are now convinced that the SEC lets white collar criminals get away with murder. For example, the Wall Street Journal recently reported that "Rattner Near Deal to Settle SEC Case."

A settlement with the SEC and a ban on his participation in the securities business would...

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5th Anniversary of Hurricane Katrina Drowning My Hometown, New Orleans

(5) Comments | Posted July 29, 2010 | 9:00 AM

The fifth anniversary of Hurricane Katrina is August 29, 2010. The day after Katrina struck the Gulf Coast my hometown New Orleans drowned. Practically everything I knew as a kid was wiped out - my home, schools, playgrounds, churches, hospital where I was born, some friends, some loved...

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Goldman Sachs Settlement: A Reader's Outrage

(2) Comments | Posted July 17, 2010 | 3:07 PM

Seems almost everyone I talk to these days is very outraged over the corruption in the financial system.

Here are some comments from one of my readers in response to my blog article
Goldman Sachs to Pay $550 Million to Settle Civil Fraud Charges:

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Why Can't the SEC Crack Financial Cases? The Peace Corps?

(5) Comments | Posted July 1, 2010 | 1:25 PM

Following up on my article Why Does the SEC Have Such an Abysmal Record Solving Financial Cases? one of my readers emailed the following:

I was reading your blog comments on the SEC and it reminded me of something that I have always found outrageous - like...

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The World's Safest Banks

(0) Comments | Posted June 27, 2010 | 2:34 AM

Following up on my recent article Ripped Off by Your Bank? Tell Us About It!, I've been doing some research on safe places to do my banking.

I came across an annual survey of banks in Global Finance Magazine: The World's Safest Banks...

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Ripped Off by Your Bank? Tell Us About It!

(9) Comments | Posted June 24, 2010 | 4:29 AM

Recently I wrote a Huffington Post article about a wire transfer I tried to make from my Bank of America account to my Credit Suisse account: Bank of America Wire Transfer: Lost in Space! . To my surprise, this Huffington...

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Bank of America Wire Transfer: Lost in Space!

(20) Comments | Posted June 22, 2010 | 2:59 PM

I made a Bank of America wire transfer on 12 June 2010. The money was to be transferred to an account of mine at another bank. However, 10 days later there was no trace of my money in either bank accounts.

It seems that I have unwillingly made a 10+...

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Class Warfare: John Kerry & Other Senators Hold Unemployed Hostage to a Tax Break for the Rich!

(0) Comments | Posted June 15, 2010 | 4:33 AM

The first news I read this morning was a very depressing New York Times editorial.

Here's what I learned from the sobering statistics in this editorial. Since June 1st, when federal unemployment benefits began to expire, an estimated 325,000 jobless workers have been cut off. That...

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Even the Chinese are Attacking Goldman Sachs

(0) Comments | Posted June 8, 2010 | 5:40 AM

In a recent Financial Times article it is reported that:

"'Many people believe Goldman Sachs, which goes around the Chinese market slurping gold and sucking silver, may have, using all kinds of deals, created even bigger losses for Chinese companies and investors than it did with its fraudulent actions...

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Swiss Journalist Says UBS Responsible for Fall of Swiss Banking Secrecy

(0) Comments | Posted May 31, 2010 | 4:36 AM

Over the past five months I've spent quite a bit of time in the United Kingdom, Switzerland and Austria. During my time in Zurich, Switzerland I had the opportunity to meet with Swiss journalist Lukas Hassig.

Recently Mr. Hassig contacted me about co-authoring an article on Swiss banking secrecy....

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Bury Our Banks in Style!

(22) Comments | Posted May 24, 2010 | 4:29 PM

Where I grew up, in New Orleans, we respectfully bury the dead in style -- and even have fun doing so at jazz funerals. At these funerals you may find folks doing the secondline dance, and some dancing on coffins. Jazz funerals are held...

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I'll Just Stick to the Math!

(25) Comments | Posted May 2, 2010 | 4:38 AM

From 1997 to 2000 I lived abroad. I studied and worked in Brussels and London. In addition, I traveled all over Europe and Asia, learning about many different cultures and meeting many interesting people. The only problem I had with being abroad was that I missed spending time with my...

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Bob Rubin Just Wants to Be Cuddled

(374) Comments | Posted April 29, 2010 | 3:53 PM

If we've made any progress as a nation since the crisis, it's that people these days know the word "derivatives." They may not know exactly what it means, but that's okay, because as I like to tell them, the most powerful men in the world didn't really know a whole...

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