London stock exchange outage ruins biggest day of the year
British traders should've been buying and selling like mad earlier today on the news of the U.S. government's effective nationalization of sputtering loan giants Freddie Mac and Fannie Mae. Instead, they got kicked offline. A spokesperson for the London Stock Exchange says the exchange's TradElect trading system didn't crash — there was a "connectivity issue" at 9:15 am London time. That's about as technical an explanation as we're likely to get today. (Photo by jam_90s)