FBD
04-02-2014, 03:34 PM
http://www.zerohedge.com/news/2014-04-02/jon-stewart-hft-its-not-american-its-not-even-capitalism-its-cheating
cant grab the vid from there it seems, but for all of yas that saw TLDR on all the HFT crap... here's the comedytruth on it
"It's Not American; It's Not Even Capitalism. It's Cheating"
but you know he doesnt even barely scratch the surface...
No shit. Let's add in the idea of the Fed's discount window for the "capital" being used to recycle fraudulent bonds and the skimmed profits used to goose the market up. Let's add in the quote stuffing generated by these HFT algos. Let's add in how bonds are created by the Fed based on the farts these kleptos generate. Let's add in reverse repos that create balance sheets that look solvent. Let's add in mark to unicorn asset valuations. The plebes would turn a deaf ear, blind eye, and turn on the baseball game. Five years to get just the little tid bit of HFT into the spotlight, yet the rabbit hole is soooooo much deeper.
cant grab the vid from there it seems, but for all of yas that saw TLDR on all the HFT crap... here's the comedytruth on it
"It's Not American; It's Not Even Capitalism. It's Cheating"
but you know he doesnt even barely scratch the surface...
No shit. Let's add in the idea of the Fed's discount window for the "capital" being used to recycle fraudulent bonds and the skimmed profits used to goose the market up. Let's add in the quote stuffing generated by these HFT algos. Let's add in how bonds are created by the Fed based on the farts these kleptos generate. Let's add in reverse repos that create balance sheets that look solvent. Let's add in mark to unicorn asset valuations. The plebes would turn a deaf ear, blind eye, and turn on the baseball game. Five years to get just the little tid bit of HFT into the spotlight, yet the rabbit hole is soooooo much deeper.