A computer algorithm that can solve the cop problem in America has been announced
 

Wall Street traders are already threatened by computers that can do their jobs faster and cheaper. Now the humans of finance have something else to worry about: Algorithms that make sure they behave.
JPMorgan Chase & Co., which has racked up more than $36 billion in legal bills since the financial crisis, is rolling out a program to identify rogue employees before they go astray, according to Sally Dewar, head of regulatory affairs for Europe, who?s overseeing the effort. Dozens of inputs, including whether workers skip compliance classes, violate personal trading rules or breach market-risk limits, will be fed into the software.


?We?re taking technology that was built for counter-terrorism and using it against human language, because that?s where intentions are shown,? said Estes, whose company counts Goldman Sachs Group Inc. and Credit Suisse Group AG as clients and investors, but not JPMorgan. ?If you want to be proactive, you have to get people before they act.?

JPMorgan Algorithm Knows Youâ??re a Rogue Employee Before You Do - Bloomberg Business


we need to apply this technology to Police.

what is the problem with cops? i thought the problem was not enough guns. if walter scott had a gun, he coulda defended himself from the cop.

:helpme

Simple, easy fix. Restrict banks from engaging in the trading or issuing of securities, in any form or fashion. And require investment banks to be partnerships and restrict the amount of leverage they are legally allowed to carry. Simply, easy to implement, and elegant.

Sure, trading screw up's will continue to happen but now the partners of the firm will be on the hook with their entire net worth instead of public shareholders and the taxpayer. Problem solved.

Back in the day, all investment banks were partnerships and banks were restricted from involvement in activities that were traditionally viewed as investment banking. Sometimes the old way is actually the right way.

Not if he was running away...

interesting quote