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Flash Boys

a Wall Street Revolt
May 08, 2015StarGladiator rated this title 0.5 out of 5 stars
[CLICK!] Lewis contends that Goldman Sachs was behind the curve in HFT, yet all the market evidence is to the contrary, they were and are the leaders of the HFT pack! [CLICK!] Half of GS's programmers were Russian, because they were superior? Yet, recall how Putin's plan backfired when he dispatched the best and the brightest computer science types from Russia to infilitrate American business, and not a single one could get a tech job - - and Obama deported them under FARA! [CLICK!] Lewis concentrates on HFT, yet the criminal conspiracy is internalization, which is the crux of the matter - - the top banks and hedge funds purchase of almost 100% of the public trades from the top brokerages, and doing those trades as they like, internally, on their own systems or dark pools! [CLICK!] Lewis publicly has stated that the bankers shouldn't go to jail because of their financial innovations. Calling financial fraud tools Financial Innovations is the method Lewis uses to confuse and bewilder, on the one hand seeming to be for the people, yet on the other hand being a staunch supporter of Wall Street. The book should have focused on p.182, instead of barely touching upon it. [Quite similar to how Noam Chomsky attacks the politicians while supporting various government whitewash commissions and the Federal Reserve Bank, or his daughter, Avi Chomsky, writes on immigration while completely negating labor history and financial history. Or when various neocons blame housing prices for the global meltdown, when it was a securitization bubble, of which housing was but one component among many.]