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Arthur Levitt: Why Couldn't Wall Street Weather a Storm?


With a proper backup plan, the New York Stock Exchange wouldn't have had to shut because a 'post-tropical cyclone' hit Manhattan.. Hurricane Sandy's impact on U.S. stock and bond markets is just the latest example of inattention to the stability, security and continuity of basic infrastructure. The result of this inattention is a financial market that aspires to be world-class, but in one critical

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Posted: November 6, 2012 Tuesday 06:25 PM