Re: Economic meltdowns in SF

On 2008-03-21, pullo <pullo004@[EMAIL PROTECTED]
> wrote:
>
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>>> Last Warning...
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>>> The crisis was precipitated by having the Wall St. computer systems
all
>>> crash about halfway through the trading day; all records of that day's
>>> transactions were corrupted beyond anyone's ability to recover them.
>>>
>>> The solution was to debug the computers, then resume trading based on
>>> the data backed up the evening before.
>>>
>>
>> Well it was a bit more complicated than that -- the Japanese arranged a

>> two prong attack, of which that was the second part. The first was to
use 
>> stock manipulation to cause a market crash. So they weren't just saying

>> that an ordinary trading day didn't happen, but one where the Dow
dropped 
>> several hundred points. The solution still should've been obvious, but
the 
>> latter case would require more deliberation before deciding to
implement 
>> it.
>
> Actually I thought that made it _easier_ to do the reset. Assume two 
> possible forms of attack:
>
> [1] They do as they did in the book and destroy the trading records.
>
> [2] They do the attack that causes the stock market crash but don't
destroy 
> the records.
>
> Option [2] makes it easier to go back to the closing market postions
before 
> the attack. In desttoying the records the bad guys gift wrapped what was

> already an obvious solution to make it glaringly obvious.

There's this little problem that the market is decentralized and has
distributed backups; there are several companies that make their money
by selling access to the data in realtime and near-realtime, and they
and their customers have backups.

-dsr-

-- 
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