[CentralOH] Python part of new SEC securities regs?

[Brian Costlow]

The proposed new SEC regulations on asset-backed securities (designed
in theory to prevent another mortgage bubble/meltdown) include the
idea of substituting a running canonical application and data file, in
place of part of the legal language used to describe the flow of funds
to a security holder based on what the assets do.

The initial draft proposes requires this app be written in Python.

Link to Draft Proposal (warning, 2.8 mb 600+ page PDF).

http://www.sec.gov/rules/proposed/2010/33-9117.pdf

Search for Python -- first real mention on page 18. Meat starts in
section III-B-1-b on pp 205.