Prof. Darrel Duffie gives a presentation to alumni, offering lessons from the financial crisis, and how banks that are major dealers in securities and derivatives can quickly unravel as their counterparts and customers rush for the exits.
One of the world's leading universities, Stanford was founded in 1885 in what is now Stanford, California. It is comprised of seven schools, four of which are devoted exclusively to graduate education. Stanford's most renowned programs include the Graduate School of Business, Law School, School of Engineering, and School of Medicine. Notable alumni include author John Steinbeck, Supreme Court Justice William Rehnquist, and Google founders Sergey Brin and Larry Page.