All I need to say here is watch this if you want to get educated.
This is interesting as you hear from software developers and mathematicians and their ground roots and how it began. One former programmer talks about his job with a bank that is no longer around and remains anonymous. He has a hard time wanting to go back and with his isolated world it was hard for him to see the overall destruction of what was happening.
You have to be wired, alert all the time and you “can’t be wrong” the one man states and the nightmares. The stress got to the point to where some did not know what day of the week it was. Banking has completely lost it’s touch on what they are here for. It’s the algorithms that move money around, hear it from someone besides me:)
Quants: The Alchemists of Wall Street Video Documentary - Why It Needs to Matter What Companies Do and Not Focus Only On the Price of Stock With So Called Value - Attack of the Killer Algorithms Chapter 44
Here's some other related posts about taxing the data sellers as well. Those who control the code control the world and the money. This is how we can get jobs back and help the companies who create tangibles that we need and get a better balance back.
Cook Medical Device Plant Opens in Canton, Illinois–Companies That Create Jobs for the US–Tangibles - Excise Tax the Data Sellers to Balance the Incentives For More Companies to Build Factories & Add Jobs
Also my thoughts on the Occupy movement and I wrote this last year and it's all about the algorithms and formulas, a foe you can't see, touch or talk to. This might even help the movement to understand what the battle is as we all get data duped.
Occupying Wall Street–It’s All About the “Attack of the Killer Algorithms”–The Unfair and Marketing Exploit of Ethics Using Math–This Could be a Subject for Michael Moore to Explore and Document In a Movie
Do watch that video to get educated on how the formulas for "desired" results get out there with the secondary need to be "accurate" as there is code that does both and they should be the same, but not, just look at the mortgage scheme, could not have been done without all those algorithms, coders and quant.
I have a link at my blog to all 44 chapters of the Killer Algorithms so if you go over there scroll down on the left side and there's a couple great videos that also help explain what is going on with math, formulas, marketing and unfair algorithms for profits.
The programmer in the video doesn't want to code anymore, he wants to be a quant to where mathematics and code folks can rule, pay attention to the teacher too as it's not often we hear from the other side like this.