The Coder Behind the Mortgage Meltdown

axjms writes "New York Magazine has a confessional/abdication from the man who wrote the software that turns mortgages into bonds and those nasty little things called CMOs. An interesting first-person account from a coder whose work reached far beyond what he or anyone could have anticipated."

Comments

Re:This topic is too hot to handle.

[Nazlfrag]

Part of the problem is that the US is already waging its own one sided world war, with troops, tanks, planes, navies and missiles stationed in their thousands across the globe. It made little sense during the Cold War and makes even less sense now, unless one was trying to perpetuate an Orwellian continuous war. The private sector and banking markets may collapse but the military industrial complex will roll onwards, escalating its domain of influence until it produces an overtly military controlled police state or collapses on itself. If America would simply arm itself with a defence force and be done with it the government and country won't need to bankrupt itself to stay afloat.