Thursday, April 3, 2014

HFT Is A Growing Cancer

Please read the Charles Schwab letter about high frequency trading:

The integrity of the markets is at the heart of our economy. High-frequency trading undermines that integrity and causes the market to lose credibility and investors to lose trust. This hurts our economy and country. It is time to treat the cancer aggressively.

http://www.zerohedge.com/news/2014-04-03/hft-growing-cancer-says-mom-and-pops-favorite-retail-broker-charles-schwab

The financial markets are rigged, and their accomplices in government have looked the other way far too long while the thugs of Wall Street looted our pension funds.

It's getting to the point where we should split into two countries: one for thugs who like to prey on other people, and another for the rest of us. And the "decent" half should make war on the "thug" half until they are defeated.

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