They are getting paid to take the risk on financial instruments, because they're experts at it. They have no need to take any risks on their technology infrastructure.
They "think" they are experts at it. Yeah. If they were experts at predicting which ones would fail, they would simply buy shitloads of puts on xyz & wait it out instead of hedging themselves in case xyz doesn't default.
Also, you give them too much credit when you use words like "technology infrastructure". I've been to many of them & the extent of their infrastructure is RAID & the extent of their technology is writing a for loop in VBA.
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They are getting paid to take the risk on financial instruments, because they're experts at it. They have no need to take any risks on their technology infrastructure.
They "think" they are experts at it. Yeah. If they were experts at predicting which ones would fail, they would simply buy shitloads of puts on xyz & wait it out instead of hedging themselves in case xyz doesn't default. Also, you give them too much credit when you use words like "technology infrastructure". I've been to many of them & the extent of their infrastructure is RAID & the extent of their technology is writing a for loop in VBA.
Both RAID and VBA For loops are time-tested, well understood, stable technology.
As somebody that programmed VB for 4 years. I say move away from it if you ever ever want to work productivly. The language is shit.
Oh I know :) Luckily, I only had to maintain a little MS Access frontend, the type of thing that everyone does once in their lifetime.
Yeah right. We should freeze all CS s/w h/w R&D now that time-tested stable for loops & RAIDs have been invented. That'll teach them!