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Submission + - Mortgage Securitization Software Author Mea Culpa (nymag.com)

TheSync writes: "New York Magazine has an article written by Michael Osinski, an author of early software to enable collateralized mortgage obligations (CMOs). He even created a language for mortgage-backed bonds called BondTalk. He says "I never would have thought, in my most extreme paranoid fantasies, that my software, and the others like it, would have enabled Wall Street to decimate the investments of everyone in my family. ""

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C'est magnifique, mais ce n'est pas l'Informatique. -- Bosquet [on seeing the IBM 4341]

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