In a recent article on Yahoo! Finance, it had been reported that critics were insisting that the government run the stress tests again. Their claim was based on the fact that unemployment has already reached 0.5% beyond the figure used in their model.

And therein lies the hypocrisy. Wall Street traders, quants and executives have been crucified for causing this financial crisis because of their inaccurate models. Whether it be a critique of using the Normal Distribution or the rating agencies, claims against Wall Street have been about using faulty models. But now those same regulators that had been such harsh critics of models have made the same exact mistake.

Perhaps these regulators will have a deeper appreciation for quants and engineers after all of the stress test criticism. While regulators get to entertain the idea of giving their models a second chance, Wall Streeters aren’t as lucky.