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I'm crossing my fingers! We get a daily file from a vendor containing corporate action data, because somebody "needs" it for some report or something, and so w
by Kon-Peki 4y ago
I'm crossing my fingers!
We get a daily file from a vendor containing corporate action data, because somebody "needs" it for some report or something, and so we dutifully ingest it into our system.
But every 2 or 3 months, a specific planned SPAC merger shows up in that file. Something to do with gambling and crypto/blockchain, based in the Med. Every single time it shows up, it causes the vendor file to fail the vendor's own validation rules and so I have to go look at the log, confirm that it is this same merger, confirm that the person that cares about this file doesn't care about this record, delete it, and then let the process allow the rest of the data to flow out of the staging table.
I hope this is one of them :)
- conorcleary 4y ago
- joshu 4y agoHuh?
- fshbbdssbbgdd 4y agoNot the parent, I can’t speak for them. But sometimes I have a paranoid notion that the managerial and legal class have constructed systems where they contain some liability into a black box, then hire someone unknowing to live in the box. The people outside the box are just designing the process and “relying” on the box to behave as expected. The people inside the box don’t know about the context and therefore don’t have mens rea. Nobody is guilty of a crime. The story in this thread tickles that paranoia. I can imagine a person on one side who has implemented a compliance checking system, where as long as nothing gets flagged by the black box, the system reads “compliant”. It turns out the person in the black box is deleting the non compliant records. But they don’t realize that they are allowing someone to falsely fulfill their compliance certification, they are just making the box work.
- themitigating 4y ago"managerial and legal class" implying people of certain professions are involved in a conspiracy is extremely paranoid.
- fshbbdssbbgdd 4y agoI don’t mean to imply that any set of people is inherently “in on” such a conspiracy. I imagine it would evolve organically and every individual case would be different. Lawyers get paid to advise people how to avoid legal liability. Managers get paid to handle problems, and sometimes to recognize which problems the people one level up would rather not know the details of. I don’t think it’s off base to say that managers and lawyers would be involved where there is a scheme like I describe.
- deleted 4y ago[deleted]
- themitigating 4y agoThe hypothetical scheme that you have no evidence for.
- conorcleary 4y agoOr, the framework and basis for all of them.
- deleted 4y ago[deleted]
- pasquinelli 4y agopeople of certain class have shared interests, that's what makes a class. so they broadly act in the same way because they're responding to the same incentives, no conspiracy needed.
- deleted 4y ago[deleted]