[Hrgeeks] Zoinks! SEC potentially requiring python as a legal lingua franca

[Adam Crosby]

The link:
http://www.itworld.com/government/105031/will-wall-street-require-python

Summary cribbed from the interwebs:
"You can define a hugely complex range of rules, depending on the purpose of the investment and the type of underlying asset. From what I can tell (I obviously haven't read the whole document), the SEC is proposing to require ABS issuers to specify these rules in Python, and to specify the underlying asset pool in an XML format. This will make it easier for independent investors to analyze the securities on their own, without having to let the now-discredited rating agencies do their work for them."

That would be crazy.  

--
Adam