But the problem is bigger, though: risk is being mitigated, and the risk-takers are not paying for it. So if banks get bailout packages from the ECB to continue gambling, and big failed gambles are blocked by Nasdaq, then what do the financial institutes actually pay for? Gambling at someone else's cost is a damn good business model, and finance isn't the only industry guilty here. I'd like to see the public sector stop taking on unnecessary risk, and rather put their effort in getting corporations to make contingency plans instead of offloading risk.
Nasdaq cancels trades in Kraft after jump in shares
NEW YORK (Reuters) – Nasdaq canceled some trades in shares of Kraft Foods Group that had pushed the stock up about 29 percent in just one minute, the latest in a string of trading glitches