When IT Meets Politics:

Derivatives


September 22, 2008  10:08 AM

An ICT-driven crash? The recriminations begin

Philip Virgo Profile: Philip Virgo
Data reduction, Derivatives

The blame game has begun and will reverberate until the lawyers are satiated. But who is responsible for users trusting systems they do not understand? "Any financial instrument that takes more than ten minutes to understand is no more than an attempt to defraud the unwary". My first chief...

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