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Rumormongering Traders
Status: Psychology
Britain's Financial Services Authority has found a new group to blame for the financial crisis: naive traders spreading rumors. It cites one example of a trader who "spread a piece of 'hot news' to 10 to 12 of his friends over a messaging system without making clear that it was a rumour. One of his contacts then did not hesitate to spread the message on to 150 of his contacts."To counter the problem, the FSA is urging companies to adopt policies "on how to deal with rumours and monitoring chat sessions, phone calls and emails from traders."
Good thing it's tackling this problem. And once it's succeeded in making the stockmarket perfectly sane and rational, perhaps it would consider cleaning up the internet as well.
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Categories: Business/Finance, Psychology Posted by Alex on Wed Nov 19, 2008 |
Comments (2) |
| More from the Hoax Museum Archives: | |||
...and all those hot stock tips I keep getting messages for on my cell phone (even though I don't trade in the stocks) 
Posted by oppiejoe in Michigan - USA on Wed Nov 19, 2008 at 04:19 PM
FSA is urging companies to adopt policies "on how to deal with rumours and monitoring chat sessions, phone calls and emails from traders."
This has an underlying blend of "1984" and Upper Class Twit in the statement, doesn't it?
Posted by KDP in Madill, OK on Thu Nov 20, 2008 at 10:58 AM
This has an underlying blend of "1984" and Upper Class Twit in the statement, doesn't it?
Comments: Page 1 of 1 pages