The code behind (some) CDS pricing - revealed.
According to this commentary: http://zerohedge.blogspot.com/2009/02/isda-open-sources-cds-model-challenge.html the released code is straight out of JP Morgan's Quantitative Research Group.
https://www.firsttechfed.com/eServices/Security/SecurityKey....
I can recommend them.
I think there are two separate issues.
1.) Amoral: clearly; they are a corporate entity, not a human being
2.) Menace: who or what are they menacing? If you feel threatened, don't use their products.
I used to work for a very large vendor of ICs and one of its erstwhile CEO's famously said: "With respect to technology, if it can be done, it will be done."
I agree and so given that, I think any discussion of morals is only applicable to the person who has to decide whether to associate with the company or project in question for paid labor or in the use of their product(s).
It's not whether the bomb, say, is moral or not as an abstract concept, but instead, given all the information available on the impact of nuclear weapons, whether you decide to design the beryllium reflector for the secondary or not...
According to this commentary: http://zerohedge.blogspot.com/2009/02/isda-open-sources-cds-model-challenge.html the released code is straight out of JP Morgan's Quantitative Research Group.