Friday, October 28, 2011

Maddow - How Wall Street Defrauded Investors

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4 comments:

Ed said...

Amazing, Fantastic.

1:54 PM
Jim Sande said...

Ed - congratulations on your upcoming show.

The thing about Maddow is that even though this report is so to the point and is spot on, a large segment of the population wouldn't bother because she is a progressive and she is stereotyped from their point of view. If she does this kind of report, does anybody get on board with it or is she preaching to the choir.

3:29 PM
Glynn Kalara said...

It gets a whole lot worse after 2007 when they change the trading systems and install a new system that Goldman Sachs ( AKA Men with Sacks of Gold) develops. The new system basically cheats everyone by allowing the brokerages to see whats being traded a half sec. before its put on the trading floor and allows the brokers or the "inner circle" anyway to do their high speed trading in that half sec. space. Remember the infamous flash crash? That was caused by a glitch in the "new" system. these thieves are ripping the whole planet off with these high speed computers and their little programming ruse. With the SEC essentially defanged and captured nobody is protecting the investors anymore. Eliot Spitzer tried to, but he should have known better to attack this crowd. They just waited him out and had the BV$H spooks who were essentially taping everyone's phones do him in. He was in their eyes the worst terrorist of all, one that was terrorizing rich people.

5:12 PM
Jim Sande said...

GK there should be a like button for people's post, I would click it for your post.

That high speed trading is a monster. Its the equivalent of having a slot machine that always turns up three gold bars and spews out millions.

9:45 PM

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