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Someone's head should roll for this

Posted: Mon Sep 08, 2008 4:58 am
by spot
The London Stock Exchange has been down all morning with an unspecified computer failure.

http://news.bbc.co.uk/1/hi/business/7603981.stm

Someone's head should roll for this

Posted: Tue Sep 09, 2008 11:47 am
by spot
Hoss;978442 wrote: I thought the English used the gallows and the French rolled heads? :-3That's only in recent years, the expression dates more to the days of the Plantagenets and Tudors. We had headsmen, and that's a word you don't often see these days.The London Stock Exchange (LSE) says a computer software glitch was the reason trading was paralysed on Monday.

Traders could not connect to the LSE's system for nearly seven hours, wiping out most of the day's trading.

Business resumed this morning and without incident, but the exchange missed out on what could have been one of its busiest days of the year.

http://news.bbc.co.uk/1/hi/business/7605871.stm



What broke it might have been a lack of testing for high volume trades after a lowlife programmer added, presumably, an inefficient file handling process. Then the US Government promised to inject up to £110 billion of US taxpayer money into the banking market as a part of nationalizing the US mortgage guarantor companies.

Oh... and "Daniel Mudd, the departing head of Fannie Mae and Richard Syron, who is set to leave Freddie Mac, will share in a combined payout of $US23 million ($28.3 million)". Why! What's wrong with exemplary jail terms instead?