Confessions of a Wall Street Programmer

Michael Osinski is a guy who wrote software that turned mortgages into bonds, or more precicely Collaterized Mortgage Obligation (CMO). His tale is an interesting reading for anyone working in software industry, and reveals the part the computers played in the formation of the current Credit Crisis.

So, how does that guy feel now? Guilty? Ashamed? Depressed for the damage done? Actually a little bit of those, but he is also quite proud of his work, and says his creation was a beautiful piece of software engineering. I think that’s also similar to how Albert Einstein felt when he realized his famous formula E=mc² would eventually lead to creation of atom bomb.