Technical Debt is really Software Debt. And it’s a AAA-rated CDO.

I’ve long struggled with the Technical Debt metaphor. It was immediately useful when I first heard it. I still think it is useful, albeit as a starting point. The more I worked with software, the more infuriatingly incomplete it started to feel. Some years ago I found myself in a rabbit hole, researching the 2008 financial crisis. It reminded me of other insane stories like Knight Capital, and farther back, about how Enron imploded (because Enron India’s meltdown was shocking...