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06:21 PM
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Subject
CIRCUIT BREAKERS TO HALT DROPS ON INDIVIDUAL STOCKS "A DONE DEAL"
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[quote:Anonymous Coward 785038:MV8xMDYyMjgyXzE2ODY0ODMxX0NGOTExQkM0] Funny how they're doing everything in their power to avert a market collapse. [/quote]
Original Message
Adopting new, U.S. market-wide circuit breakers to halt precipitous drops in individual stocks is "a done deal," a source said Tuesday, five days after a severe market plunge rattled investors and perplexed regulators.
The circuit breakers would likely trip when individual stocks fell by a set amount in a set time frame.
The Securities and Exchange Commission hosted exchange heads at a meeting Monday, and said afterward the parties agreed to a framework that would strengthen circuit breakers.
[
link to www.msnbc.msn.com
]
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