Need urgent help with question on financial crisis

Hello there? We were given a question about the topic: Long term capital management & the black swan which we are supposed to write a page about.
The questions that need to be answered are the following: 1) Has a risk manager 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 have any ideas, i would really appreciate your help! Thank you!