Back in January 1988, a presidential task force headed by Nicholas Brady announced its conclusions about the stock market crash of the previous October. The Brady Commission blamed automated computer trading.
The report seems almost quaint at a distance of 24 years as does the trading technology then on the cutting edge.
But it was part of Brady's own journey. He became Treasury Secretary before the year was out. The elder Bush, who of course became President about a year after publication of this report, kept him on in that job, and he stayed until 1993, in the process helping defuse the great sovereign-debt crisis of his day with the creation of "Brady Bonds."
Okay, this was a random trip down memory lane. Now return to your regularly scheduled activities.
Showing posts with label New York Stock Exchange. Show all posts
Showing posts with label New York Stock Exchange. Show all posts
08 January 2012
20 May 2011
Link Farming
Because there is no such thing as gluttony in re: food for thought.
1. Thomas de Quincey considered it a grave complaint against John Locke that he died a peaceful death at an advanced age.
2. The Onion has some fun with the reputation of Navy SEALs.
3. Here's some biology re: the other sort. How does one estimate their age?
4. Those wonderful Taiwanese animators are on the case of M. Strauss-Kahn.
5. $3,000 a night for the room? Who paid? Some thoughts on that subject.
6. Alas, it now appears there won't be a long protracted bidding war for control of the NYSE's parent corporation. Darn. Bidding wars are kind of fun for the spectators. (Okay, the wonky spectators.)
7. Philosophy. A kitchen table is a kind of "table." The tide table that helps you decide when you should go to the beach is also a kind of table. Does that mean kitchen tables and tide tables have something in common, the essence tableness? What about "being"? Discuss.
8. Rene Descartes' thoughts on the sort of subjects that we would
call physics, astronomy, geology....
9. And a biography of the fellow.
By the way, my bet is that the world won't end tomorrow, and nobody will be raptured.
1. Thomas de Quincey considered it a grave complaint against John Locke that he died a peaceful death at an advanced age.
2. The Onion has some fun with the reputation of Navy SEALs.
3. Here's some biology re: the other sort. How does one estimate their age?
4. Those wonderful Taiwanese animators are on the case of M. Strauss-Kahn.
5. $3,000 a night for the room? Who paid? Some thoughts on that subject.
6. Alas, it now appears there won't be a long protracted bidding war for control of the NYSE's parent corporation. Darn. Bidding wars are kind of fun for the spectators. (Okay, the wonky spectators.)
7. Philosophy. A kitchen table is a kind of "table." The tide table that helps you decide when you should go to the beach is also a kind of table. Does that mean kitchen tables and tide tables have something in common, the essence tableness? What about "being"? Discuss.
8. Rene Descartes' thoughts on the sort of subjects that we would
call physics, astronomy, geology....
9. And a biography of the fellow.
By the way, my bet is that the world won't end tomorrow, and nobody will be raptured.
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