From 2004 to 2007, she was in the Corporate Finance group managing global finance infrastructure and controls functions.

FORBES: JPMorgan Names Marianne Lake New CFO, Braunstein Named Vice Chairman

Government ought to only oversee what preserves the inalienable rights resident in our persons and property: fire, police, military and foreign diplomacy, the legal infrastructure and certain other functions difficult for markets to coordinate such as roads.

FORBES: Move up http://i.forbesimg.com t Move down

CIOs must understand the functions they support, so they can help these functions quickly put the infrastructure and applications in place to support quickly moving new ideas to market, testing them, and iterating them to general release.

FORBES: How Cloud Computing Is Reshaping The Role Of The CIO

The Federal Housing Finance Administration revealed Monday that it plans to establish a new business entity that will be jointly owned by the two and geared toward creating a new securitization infrastructure, essentially merging certain back-office functions of the two companies.

FORBES: Fannie And Freddie Regulator Moves To Streamline Mortgage Securitization

So what happens to the role of the IT department when a large percentage of contextual functions can be outsourced to cloud vendors, without the need for onsite infrastructure?

FORBES

The restructuring actions announced today are expected to result in reductions primarily in inkjet-related infrastructure as well as positions in research and development, supply chain and other support functions.

ENGADGET: Lexmark announces detailed restructuring plan: 1,700 layoffs, inkjet business to be nixed