The reported straw that broke the camel’s back was Stiglitz’s criticism of the dubious practice known as high-frequency trading (HFT). HFT has come under criticism from all sort of places including on Wall Street for shady trading practices, offering no overall economic benefit, and causing instability in the financial markets. Stiglitz said it was worth considering the option of putting a tax on HFT which was not well received by HFT industry apparatchiks in DC.
With the disclaimer that I'm a California Golden Bears fan, not a fan of college football, I have to say that it has been fun watching the SEC stumble on to what they believe is their birthright on New Year's Day. It's a gift that keeps giving.
Between this and the Bloomberg snooping scandal a little while back, you can’t help but wonder: how can we trust a shred of business journalism these guys do anymore?
(via inothernews)
Ever since the jerk that does that Mad Money show was filmed telling some other journalist douche about how to make money with his reporting I stopped believing a single word that “business journalists” say.
The game is rigged against us folks, the only way to win the game, is to stop playing the game.
Which leave little more content than callous demagogues like Rick Santelli generating heat, not light:
Even if you had a job that paid you enough to save for retirement you can't count on it being there. That's because the solipsistic, sociopathic jackals in that Santelli is doing this angry-ape-in-a-suit routine for have paid off elected Federal officials to get rid of the laws that make your nest egg secure.
If you're the kind of person who doesn't have more money than you know what to do with in one life time stashed away in Lichtenstein or Singapore and you don't believe that governmental representation is a pay-for-play proposition, you're going to have to make it a practice to inconvenience yourself to fix that problem.
But in a statement on Thursday, the Justice Department said it “ultimately concluded that the burden of proof to bring a criminal case could not be met based on the law and facts as they exist at this time.” The agency said it would pursue the case again if new evidence emerged.
We've fallen so far that Goldman-Sachs gets off with a slap on the wrist.
SEC Caught Destroying Records To Cover Up Wall Street Crimes!
(by MOXNEWSd0tCOM)
Investigate this, Patrick McHenry, or is the topic too adult for you and threatening to your masters?
Meet Ole Miss walk-on Terrell Brown, who at 6-foot-11 and 390 pounds, is “almost too huge to play football.”
...so glad that Cal won't have to find 2 more kids to double team this guy.
