3 ms·
The software that DB used to model most of the financial assets that went south and caused the recession of 2008. Back in the days I was not fully aware of wha
by miki_tyler 4y ago
The software that DB used to model most of the financial assets that went south and caused the recession of 2008.
Back in the days I was not fully aware of what we were building (we were a team of 3 engineers working for a "reputable" London based bank), but there were subtle cues in the requirements like the options given by the software to base the SPEs (the company that issues the repackaged bonds) in places like Bermuda, Cayman Islands, etc.
In hindsight, watching "The Big Short" for the first time was a big come to Jesus moment to me.