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Software worked but apparently not. wall street is as blindly reliant on computers on algorithms on high frequency trading as it was once blindly relying on the risk models that allowed toxic bonds to be rated triple a. wall street has created its own frankenstein. the machines are in charge. >> out of "the dark knight" and bruce wayne is broke this morning because of it. what's joe talking about it? >> >> slightly hyperventilating but the fact is there is a lot -- computers like we were talking about with air traffic control, play a big role on wall street. the problem is it's a little like a...

Congressman, darrell issa also passed a resolution to pursue civil action against the attorney general which could lead to a lengthy court battle. holder had previously announced he will step down at the end of this year. >> the wall street journal reporting that jpmorgan chase is coming under new scrutiny from regulators. oversight officials are asking to review the firm's internal risk models to gauge the possible effects of another significant loss. no reports suggest the bank's losses may rise to as much as $9 billion. more than four times the original estimate. more details expected when ...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.