jozmala - Slashdot User

Comment Find one in non-IT firm. (Score 1) 396

by jozmala on Saturday December 20, 2008 @01:39PM (#26184693) Attached to: Is Finding Part Time Work In IT Unrealistic?

I'm part time IT worker. The company is small non-IT firm. No-ONE except me knows any programming, everyone does something else. There is really little work there, but it MUST be done, and you cannot really swap that guy all the time since it takes lots of time to learn the things required to do the work, so it needs to be in-house job.
How I got it? A friend was before me there and his last task was to find someone for his job, when he switched to full time position elsewhere.

Greenspan Tells Congress Bad Data Hurt Wall Street 496

Posted by timothy on Thursday October 23, 2008 @06:41PM from the but-all-this-looted-cash-won't-do-much-harm dept.

CWmike writes "Former Reserve Bank chairman Alan Greenspan has long praised technology as a tool to limit risks in financial markets. In 2005, he said better risk scoring by high-performance computing made it possible for lenders to extend credit to subprime borrowers. But today Greenspan told Congress that the data fed into financial systems was often a case of garbage in, garbage out. Christopher Cox, chairman of the Securities and Exchange Commission, told the committee that bad code led the credit rating agencies to give AAA ratings to mortgage-backed securities that didn't deserve them. Explaining in his testimony what failed, Cox noted a 2004 decision to rely on the computer models for assessing risks — a decision that essentially outsourced regulatory duties to Wall Street firms themselves."

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