http://online.wsj.com/article/SB1000...LEFTTopStories
Has anyone who makes or breaks set in place regulations ever thought about the future consequences of what they're doing? Because it doesn't seem to me as if the thought has ever entered their mind.
As the Securities and Exchange Commission finalizes its report on the May 6 "flash crash," it is being forced to confront the fallout of its own decisions—which Wall Street sought and cheered—that ushered in an era of fast trading dispersed across dozens of venues.
But the flash crash, he says, shows there have been "huge, unintended consequences."
