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Massachusetts Liberal

Observations on politics, the media and life in Massachusetts and beyond from the left side of the road.

Friday, May 07, 2010

Typing lessons

Now let me get this straight: Wall Street went on a terrifying roller coaster ride because some trader at Citibank typed a "b" instead of an "m"?

Leaving aside the delicious irony of the mixed-up letters, let me suggest that the Wall Street financial regulation legislation should include typing lessons.

There is no dispute that serious underlying issues -- like the Greek debt crisis -- are at play here. Or that stocks were due for a correction after a steady rise for the past year.

But if we are at the mercy of an uncorrected typo, there are still very serious issues that need to be addressed about the way Wall Street works.

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2 Comments:

Anonymous Anonymous said...

But if we are at the mercy of an uncorrected typo, there are still very serious issues that need to be addressed about the way Wall Street works.

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No kidding... We need to get the SEC in there and regulate the hell out of them.
MANDATORY FEDERAL TYPING LICENSES for all Wall street employees.
Give me a break.. Things like this happen all the time, but yesterday we have a high flying Dow and market but a weak economy and a potential meltdown crisis going on with the euro. The market got spooked, most of the time this would have not caused a panic. These are not good times.

May 07, 2010 10:25 AM  
Anonymous Anonymous said...

so if a typo can drastically effect the market like that shouldn't they be required to fill in #'s like that in two places to confirm and not allow copy/paste operations?

May 07, 2010 1:08 PM  

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