Saturday, September 24, 2011

Found some outrage, Ignored in the media? Starting to look like it...

https://occupywallst.org/

Peeps protesting Wall Street.  Now while I don't recommend this group (yet), because their agenda seems unclear (i haven't read what they are up to in detail).  But I am surprised there hasn't been more of this.  I do not understand why everyone who paid into 401ks and Social Security aren't more angry about bankers/wall street/credit rating/government/mortgage companies flushing 40% of retirement wealth on uncounted predominantly honest hard working people.

Questions I would like to see answered:

Why is black pool trading allowed?  Is it regulated?

Why are large financial servers being moved to 150K$ a sq. ft. facilities close to financial hubs so they have a 9 or 10 nanosecond edge on each other?

These things, un-regulated trade, and computer algorithms trading at a speed fast enough to where billionths of a second make a difference are what scare me into thinking the talking heads are heading the American train for a cliff.

I would also like a list of big money companies and people that have essentially "sold out" America, and drag in the politicians that aren't willing to slap some trade leveling mechanisms with our global cheap labor competitors.

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