[COMPLETE] Report of the Presidential Task Force on Market Mechanisms - tg

pmchaffie · Post by **pmchaffie** » June 8th, 2020, 3:12 am

also thanks for the note on the appendices. i'll read thru them and may include some - they certainly don't all merit inclusion.

pmchaffie · Post by **pmchaffie** » June 10th, 2020, 6:45 am

section 5:

https://librivox.org/uploads/triciag/reportmarketmechanisms_05_bradycommission_128kb.mp3

48m17s

Post by **TriciaG** » June 10th, 2020, 12:30 pm

PL OK!

pmchaffie · Post by **pmchaffie** » June 10th, 2020, 1:41 pm

..and section 6:

https://librivox.org/uploads/triciag/reportmarketmechanisms_06_bradycommission_128kb.mp3

15m49s

whew! time for a break!

Post by **TriciaG** » June 10th, 2020, 1:42 pm

You're doing great!

Post by **TriciaG** » June 10th, 2020, 2:05 pm

PL OK!

I might as well make myself DPL - I've PL'd everything so far.

pmchaffie · Post by **pmchaffie** » June 11th, 2020, 10:07 am

only 2 more to go! seriously you've been a great help

pmchaffie · Post by **pmchaffie** » June 29th, 2020, 5:59 am

am preparing to wrap up the final two sections - making it in by the deadline.

pmchaffie · Post by **pmchaffie** » June 29th, 2020, 11:23 am

section 7:

https://librivox.org/uploads/triciag/reportmarketmechanisms_07_bradycommission_128kb.mp3

48m 46s

Post by **TriciaG** » June 29th, 2020, 12:13 pm

Don't forget to add the info to the Magic Window.

Post by **TriciaG** » June 29th, 2020, 1:45 pm

Section 7 PL OK!

pmchaffie · Post by **pmchaffie** » June 29th, 2020, 2:08 pm

and here is 8:

https://librivox.org/uploads/triciag/reportmarketmechanisms_08_bradycommission_128kb.mp3

5m 32s

nice and short - the way all last chaps should be! i have a blurb that i extracted and edited from the executive summary - i'll try to add that with the workflow tool. do you take care of cover image?

Post by **TriciaG** » June 29th, 2020, 2:10 pm

You can just post the blurb in this thread as a post. (You can't add it to the project's database entry after you make the project.)

Someone will do the cover-- may be me, may be someone else. If you want to make one, we can pre-claim it for you. Otherwise, I'll leave it to whomever wants to do it. If it goes a couple days without a cover, I'll probably make one.

Post by **TriciaG** » June 29th, 2020, 2:31 pm

Section 8 PL OK. As soon as I get an intro, I'll start cataloging.

pmchaffie · Post by **pmchaffie** » June 29th, 2020, 2:32 pm

From the close of trading on Tuesday, October 13, 1987, to the close of trading on October 19, 1987, the Dow Jones Industrial Average ("Dow") fell 769 points or 31 percent. On October 19, 1987, alone, the Dow fell by 508 points or 22.6 percent. Since the early 1920's, only the drop of 12.8 percent in the Dow on October 28, 1929 and the fall of 11.7 percent the following day, which together constituted the Crash of 1929, approached the October 19 decline in magnitude. The events of October demonstrated an unusual frailty in the markets. Only 3 percent of the total shares of publicly traded stock in the U.S. changed hands during this period, but it resulted in the loss in stock value of $1 trillion ($2.239 trillion 2019 equivalent).

That such a relatively small transaction volume could produce such a large loss in value over such a short time span led to the rapid appointment of the Presidential Commission on Market Mechanisms by Ronald Reagan. The report of the task force, chaired by Treasury Secretary Nicholas Brady and completed in a few months, focused on the individual marketplaces and the interrelationship of existing market mechanisms, including the instruments traded, the strategies employed, regulatory structures, and electronic market information systems. The resulting publication came to be known as “The Brady Report” and it led to significant public policy regulating securities and other financial instruments during a period of broad technological change in society. (This summary was extracted from the Executive Summary, lightly edited for clarity.)