Business people and investors will remember Thursday, May 6, 2010 for years to come. The Dow plummeted intraday nearly 1000 points amid fears that Greece would default on its debt. The sudden free-fall sparked chaos in the markets for currencies, commodities and Treasury bonds. Initially thought to be a human error - fat fingers making a trade – the cause is still elusive. Getting to the truth is harder than ever these days.

The president offered a standard response: Regulators are evaluating the situation closely “with a concern for protecting investors and preventing this from happening again.”  But how and when can he achieve these implicit promises?  Continue reading…