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The equivalent of bad hacks / technical debts exist in the financial industry, it's just when they blow up the cost gets socialized onto the rest of society. Th
by mattnewport 9y ago
The equivalent of bad hacks / technical debts exist in the financial industry, it's just when they blow up the cost gets socialized onto the rest of society. This is basically what happened in the financial crisis.
- sokoloff 9y agoThere are a lot of hacks in finance that play out and cost only the company making the errors dearly. It’s probably 99+% of them, but you hear about the half-dozen that got larger than that. I’m not minimizing the problem of the latter, but there’s plenty of the former.