Tag Archives: runaway algorithms

Fleecing the Financiers

How bad are the reputations of bankers and financiers these days? Bad enough that when you see news stories about bad things happening to them you experience a level of schadenfreude that almost can't be described. To wit:

Case 1: Banks desperate for money falling for scams that used to only work on people who believed a prince in Africa would reach out to them for help.

Case 2: A large trading firm almost bankrupting itself in one day thanks to some faulty computer code.

Here's a fun game: see if you can find one person who actually sympathizes with these folks.