A First-Class Catastrophe Quotes

“These new risks did not arise because the regulatory system failed to police takeover practices or criminal trading activity; they arose in a regulatory community that was poorly equipped, ridiculously fragmented, technologically naïve, and fatally focused on protecting turf rather than safeguarding the overall market’s internal machinery.”
― Diana B. Henriques, A First-Class Catastrophe: The Road to Black Monday, the Worst Day in Wall Street History