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The Wall Street Code - How Wall Street Rips Off Main Street - The Algorithm Developers (Original Post) cantbeserious Nov 2013 OP
Frightening. I thought it was bad, this verifies it. we can do it Nov 2013 #1
Thanks For Taking The Time To Watch - What The Average American Is Up Against Is Truly Frightening cantbeserious Nov 2013 #2
thank you gopiscrap Nov 2013 #3
Maybe this is good… we need to show that it's criminal... MrMickeysMom Nov 2013 #7
So right, more people need to know. Everyone needs to know. we can do it Nov 2013 #8
Thanks for posting Astrad Nov 2013 #4
You Are Most Welcome - Enjoy, Learn And Share cantbeserious Nov 2013 #5
It's a system built to rewards those who find a way to find loopholes and exploit them Snake Plissken Nov 2013 #6
Marked to watch later. pam4water Nov 2013 #9
WOW! What a mess....depressing. nt snappyturtle Nov 2013 #10
It's a bit like robbers complaining of being robbed. /nt jakeXT Nov 2013 #11
WALL STREET creates NOTHING, they EXTRACT where they know they can! benld74 Nov 2013 #12
Besides the greed, the ego's, and playing games involved,,, benld74 Nov 2013 #13
"Systematically disadvantaged..." chervilant Nov 2013 #14
Make derivatives illegal. grahamhgreen Nov 2013 #15
Kick For Exposure cantbeserious Nov 2013 #16
Okay, chervilant Nov 2013 #17
It Is Chilling - Thank You For Your Thoughts cantbeserious Nov 2013 #18
I just watched "The Warning," the PBS Frontline piece on Brooksley Born. chervilant Nov 2013 #19

MrMickeysMom

(20,453 posts)
7. Maybe this is good… we need to show that it's criminal...
Mon Nov 4, 2013, 10:40 PM
Nov 2013

These guys are criminals, when you think about it. But, the SEC is useless in keeping it in check.

Max Keiser has been talking about this stuff on his shows for years, and now he seems just a little less crazy…

Snake Plissken

(4,103 posts)
6. It's a system built to rewards those who find a way to find loopholes and exploit them
Mon Nov 4, 2013, 10:32 PM
Nov 2013

And this is Mitt Romney's idea of building an economy ... extracting wealth instead of creating it.

Build an economy by extracting wealth from the economy you are trying to build ... and then have taxpayers bail it out when there is nothing let to extract.

benld74

(9,901 posts)
13. Besides the greed, the ego's, and playing games involved,,,
Tue Nov 5, 2013, 12:47 PM
Nov 2013
just THINK what these individuals could do with their genius instead of stealing others peoples hard earned money/future, JUST BECAUSE THEY CAN.

chervilant

(8,267 posts)
14. "Systematically disadvantaged..."
Tue Nov 5, 2013, 01:33 PM
Nov 2013
"Certain traders had found a way to have their orders jump the queue."


It is ESSENTIAL that we stop this systematic theft.

chervilant

(8,267 posts)
17. Okay,
Thu Nov 7, 2013, 01:03 PM
Nov 2013

I've FINALLY gotten to watch this entire video. It is chilling. When Haim Bodek--who comes across as an earnest, brilliant, and utterly guileless mental giant--describes the typical Wall Street traders (with their sense of entitlement, their need for 'power over,' and their singular focus on amassing obscene wealth) and the rigidly hierarchical framework within which they jockey for primacy; one realizes that the fate of humanity isn't even relevant to their world view.

Perhaps people will listen to Mr. Bodek. Perhaps he won't be silenced by powerful players like Alan Greenspan, Larry Summers and Henry Paulson, all of whom worked hard to quash Brooksley Born, the brave woman who strove to warn about the dangers of the unregulated derivatives market.

Unregulated banks represent the worst of our species' hubris. They must be stopped.

chervilant

(8,267 posts)
19. I just watched "The Warning," the PBS Frontline piece on Brooksley Born.
Thu Nov 7, 2013, 03:33 PM
Nov 2013

I had only seen clips before, having depended on print media for my research.

I am appalled that Obama has Geithner and Summers on his staff. I wonder if this is a furtherance of the tail wagging the dog...

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