If you finally want reinforced concrete evidence that speed-of-light trading undertaken by Geek-Quants has rendered the entirety of global stock markets a complete fix for the normal investor, then you could do a lot worse than watch this gripping video about a whistle-blowing quant who has finally revealed the bare-assed sociopathy of mendacious Wall Street mendacity.
The Slog first posted about this three years ago, and before that fingered the dark liquidity pools they use as glorified cess pits.
But until now, the reality that we can’t trust any of bankers central or otherwise seems to have passed the head of the Federal Reserve Bank of New York by. Only last Thursday did he come out and claim that some of America’s largest financial institutions appear to lack respect for the law. Continue reading