2) So far, no statistical models that attempt to predict equity market prices based on historical data are considered to consistently make correct predictions over the long term. One particularly memorable failure is that of Long Term Capital Management, a fund that hired highly qualified analysts, including a Nobel Memorial Prize in Economic Sciences winner, to develop a sophisticated statistical model that predicted the price spreads between different securities. The models produced impressive profits until a major debacle that caused the then Federal Reserve chairman Alan Greenspan to step in to broker a rescue plan by the Wall Street broker dealers in order to prevent a meltdown of the bond market.[citation needed]