How I helped build the bomb that blew up Wall Street. [article]

oiltanker

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...It’s been eight years since I compiled a program, but the last one lived on, becoming the industry standard that seeded itself into every investment bank in the world.

I wrote the software that turned mortgages into bonds.....

...When I finished that project, I approached my former boss to ask if I could move to the trading desk, to where the big money was.

“Mike,” he told me when denying my request, “can you really look for people dumber than you and then take advantage of them? That’s what trading is all about.”....

How Michael Osinski Helped Build the Bomb That Blew Up Wall Street -- New York Magazine
 
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