Recently, the NASDAQ lost it's computers for three hours. Oddly enough, later trades by the big boys were given a do over. Bad bets were not counted against them. But, nothing to fear, the SEC is getting involved and wants to know what happened. LOL.
Yahoo - Reuters - Exclusive: Nasdaq, NYSE at odds on outage cause as SEC seeks facts.
NYSE Euronext which is investigating what happened and is about to take over the setting of international interest rates (they are taking over LIBOR rate settings) cannot agree with NASDAQ over what caused the problems. I won't go into great detail over what happened, you can look it all up by researching the LIBOR scandal.
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