WASHINGTON, May 9 (UPI) -- Sen. Christopher Dodd, D-Conn., says computerized automated trading that triggered a nearly 1,000-point drop on Wall Street shows the need for financial reform.
Dodd, chairman of the Senate Banking Committee, called Thursday's drop in the Dow Jones industrial average of more than 900 points in a matter of minutes a "remarkable event," but said "no one has come up with the answer yet as to why this happened."