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Flash Crash

SEC Chief: New Congress Won't Stop Financial Reforms

Posted 05.25.2011 | Business

CHICAGO (By James B. Kelleher) - The top securities regulator said on Tuesday she doubts her agency's overhaul of the country's financial rules will ...

SEC Probes 'Quote Stuffing' Trades

AP | Posted 05.25.2011 | Business

NEW YORK -- The Securities and Exchange Commission is looking into certain types of stock trade orders that could be distorting share prices and tradi...

Automated Greed Factories: How Soulless Banking Is Crushing the Economy

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

Financing has become a robotic form of mass production, designed to generate ever-increasing wealth within an artificial system by draining it from the real world. In a word, banks have lost their souls.

New Circuit Breakers Announced By Stock Exchanges Would Prevent The Next 'Flash Crash'

AP | STEVENSON JACOBS and MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — U.S. stock exchanges would briefly halt trading of some stocks that have big prices swings under new trading rules proposed Tuesday...

Electronic Exchanges Empty NYSE Trading Floor

Los Angeles Times | Nathaniel Popper | Posted 05.25.2011 | Business

For 15 minutes last week, the New York Stock Exchange was bustling like it was 1999....

Market Monkeys Guarding Bananas Again

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

The probe into the "flash crash" has yet to report the cause, but whatever it is will provide another example that the system is dangerously unpoliced and that manipulative behavior is unchecked.

New Stock broker Keyboard Proposed

Kevin Grandia | Posted 05.25.2011 | Comedy
Kevin Grandia

In light of the stock market "flash crash" yesterday that may have been caused by an order that was mistakenly filed in "b"illions instead of "m"illio...

Modern-Day Regulation: The Big Broom After the Circus Parade Passes

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

We are saddled with legislators and regulators who belatedly cobble together ineffective solutions for yesterday's problems. In the end, we get neither an ounce of prevention nor a pound of cure.

DK Matai | Posted 05.25.2011 | Business
DK Matai

Editor's Note: This post has been removed from the Huffington Post....

The Sorry State of Our Ship of State

Frank A. Weil | Posted 05.25.2011 | Technology
Frank A. Weil

Every time we wake up and look around, we find another example of how our society has become completely dependent on complex technologies for the fundamentals of daily living.

Financial Reform and the Fungus Five

Norb Vonnegut | Posted 05.25.2011 | Politics
Norb Vonnegut

Here are five "amendments" that have nothing to do with sub-prime debt or banking leverage. In keeping with the petri dish metaphor, I've dubbed them the "Fungus Five"

Mary Schapiro: Trading Rules Need 'More Clarity'

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — The Securities and Exchange Commission will propose new rules covering cancellation of trades in the wake of the May 6 stock market...

Wall Street: Terminators in the Casino

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

Wall Street's been a high-risk thrill ride for years, enriching for some but empty of deeper meaning and divorced from underlying value. The "flash crash" didn't break the market, but it did reveal fault lines.

DK Matai | Posted 05.25.2011 | Business
DK Matai

Editor's Note: This post has been removed from the Huffington Post....

Myths of Wall Street, the Sequel: Fat Finger Fandango

Jeff Schweitzer | Posted 05.25.2011 | Business
Jeff Schweitzer

Wall Street is a grand delusion that survives only because people willingly accept the false idea of a predictable future based on normal distributions that do not exist in the real world.

Mary Schapiro, SEC Chief: Market's Huge Plunge 'Was 'Unacceptable'

AP | MARCY GORDON and DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — Regulators need more time to figure out what caused last week's stock market plunge, the head of the Securities and Exchange Commis...