Second Contract In Finance - My Thoughts

[Moscow Mule]

I have a little theory that the next major banking crisis could be a software crisis; bank loses tulipload of money in a system nobody knows or understands; back-ups fail due to untested rollback mechanisms; major tulip hits banking system. World blames 'software experts' when tulip hits the fan.

Nah, you just get a loan from the BoE.

I know for a fact that a bank we all own now was run on spreadsheets for 7 working days when the core banking system went down.

Traders were told to hold all of their positions unless it was critical to offload it. IIRC, most of the ****ers emptied their entire books.

[HairyArsedBloke]

At a city booze up the one of the managers of a mate of mine was saying that whenever he saw a spread sheet on the trading floor he though it was a failure and a potential point of serious trouble. He was right of course. Auditors hate them. Each on should be a proper application or part of one.

I am as guilty as anyone for having loads of old tat. I've cleaned things up since I've had time whilst I was poorly, but there is still loads of rubbish running.

What makes me laugh is that there is a massive load of rubbish holding the City together. Just think how bad it would be if they did recruit "The best of the best, of the best, of the best. SIR".