Economics Question about Financial Crisis, Microeconomics

Economics Question about Financial Crisis, Microeconomics

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Hello there! I am currently doing an MBA course about the financial crisis which is quite challenging. Today we were given a question about the topic: Long term capital management & the black swan.
The questions that need to be answered are the following: 1) Has a risk managers become a marketer in disguise? 2) Is risk management a predictive science or is it an art that has been misrepresented and marketed as a predictive science?
If you guys have any ideas, i would really appreciate your help! Thank you!:)

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