The Programmer Responsible for the World’s Financial Collapse
"I knew it. You knew it. We just didn’t want to admit it. There had to be software at the heart of the world’s financial woes and some way to blame a programmer.
Sure enough, the press has tracked down one of the programmers responsible for writing the software that helped financial companies with “securitisation”, or the turning of regular mortgage notes into derivative securities that no one actually understands.
Michael Osinski, 55, retired from programming and now farming premium oysters off Long Island, was one of the programmers for a company that supplied this software to many financial firms and was involved in the new “feature” that added subprime mortgage market to the process."
(auf Love The Dot via @rschu)
gefunden von Thomas Renger
– auf mento.info