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I can only speak from my experience in my own firm.  Perhaps the technological revolution occurred sooner in the US financial services sector - I think it did as the process in a financial services company are arguably less complex.  But there was also a very different corporate culture in the US and Europe at the time - with the US model now dominant everywhere.

notes from no w here
by Frank Schnittger (mail Frankschnittger at hot dotty communists) on Thu Jun 25th, 2009 at 10:26:52 AM EST
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transfer of productivity ("profit") to investors, as foretold and sold by just one IT analyst, c. 2002



Interests in preserving structural relationships between (actual) people prevents deep IT penetration of FIN and COMMOD sectors. Asymetrical market knowledge (and adverse selection) is a feature not a bug.


Diversity is the key to economic and political evolution.

by Cat on Thu Jun 25th, 2009 at 12:29:59 PM EST
[ Parent ]
i remember the charles clore scandal (70's?), and thinking 'this is a new echelon of criminal', then we had the appropriately named michael milken, but it was still rare, now it's the deluge, after the savings and loan scandal one might have thought the phenomenon would slow down, but no, it's amped up exponentially.

enron was the smoke coming out of the financial engine, now bits are falling off by the mile and the day...

~"When an inner situation is not made conscious, it appears outside as fate." Karl Jung~

by melo (melometa4(at)gmail.com) on Thu Jun 25th, 2009 at 01:21:58 PM EST
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