How can it be that UBS and others, mind you, have not gotten organized a risk control system in its computers that would signal instantly a dangerously risky trade that has to be reversed?

FORBES: That UBS Trader Must Have Been Long Swiss Francs Leveraged

To avoid the risk of contaminants being mixed into the recycled plastic, the new recycling system performs quality control based on a chemical substances risk management database developed by Fujitsu Laboratories, thereby ensuring that notebook PCs and other ICT devices comply with legal requirements for chemical components.

ENGADGET: Fujitsu making laptops from unwanted CDs and DVDs

According to data from the Centers for Disease Control and Prevention's Behavioral Risk Factor Surveillance System Survey 2004, more than 70% of adult Milwaukeeans reported that they had had at least one alcoholic drink within the past 30 days--the highest percentage on our list.

FORBES: America's Drunkest Cities

So from mid June to last Wednesday, UBS's risk-control systems did not detect that these big bets were being placed, because its internal accounting system was showing that bets in the opposite direction had also been placed.

BBC: The how but not why of UBS's losing bets