Recently inspired by being thought liberal after voicing concerns regarding Black Pool trading and the use of computer algorithms for trading I am going to try to articulate why I do not like "Wall Street".

In WWII it was American industrial capacity that saved our arse. We out built them. Even better, our free thinking minds out designed them for another 50 years. In the old days guilds were formed to protect trade secrets. America protected it's technology well until the 1960's cultural revolution when it became more and more popular to sell hi-tech equipment to former enemies, in some cases, to existing enemies' proxies. The Clinton administration was particularly good at it. I recall being particularly incensed when Clinton sold some proprietary bearing cutting machines to a Chinese proxy effectively making all of their submarines significantly quieter.

This has become much uglier, besides all of the jobs the past administrations (of both stripe) have shipped overseas, the demonization of heavy industry here in the US and the trade imbalance, there are serious defense considerations.

What percentage of .. say a F-18 is manufactured here in the US? If not 100% what countries supply these components? This is a topic that can be expounded on, i digress.

With the rise of the left in the mid 60s, these college students then entered the workforce. It would be interesting to know the stats on number of MBA's vs. Civil engineers (or other "hard science") for the last 70 years or so. I, after learning electronics in high school and the military, worked in the silicon valley in about 6 or 7 start up companies. Watching how MBA's execute their skills on an "acquired asset" is a real eye opener. Ethics are pretty well forgotten and bumper stickers like "he who dies with the most toys wins" exist on the backs of BMW's. For anyone not feeling the anger i suggest re-watching (rereading?) the Scott Lei (sp) Enron testimony. He is not the only one! These ethically castrated people have existed in business since time began, but, by their nature, rise to the top, and generally stay there until overthrown by a stronger power. (i.e. the Knights Templar gained much power though usury tricks and were eventually purged) I personally believe that the general ethical behavior in Americans has plummeted over the last 40 years. I know damn sure it has in the politicians.

Now the tools with the most economic leverage ever to exist in the history of man are in the hands of MBA's and computer scientists. The servers and condition sampling/prediction algorithms are in the hands of those that like power. I have worked closely with computers, and have a pretty good idea of how they work. The same can be said of programming, but i am not a programmer.

remember, some of these banks pay up to 150,000$ per square foot for server space in prime financial areas, to gain a few billionths of a second.

I imagine these servers (programs) recognize "states" i.e A hurricane in Florida + glut of plywood supply in Oregon = buy shipper stock for next 24 hours sell in 3 months

This concept can be honed to an infinite number of of conditions, and improved constantly over time with observation. It is a computer based money skimmer. So far it has only worked with massive cash injections at the taxpayer level. When will their "computer model" develop a self sustaining feedback loop that pays for itself? How much did it contribute to the "loan derivatives" causing the "too big to fail" situations costing me 40% of my retirement cash and about 100k equity, and my kids future money (by way of taxes).

Update 4 09/30/12
Ma and Pa investors lose out on recent stock market gains

I would also like to re-state that I think the top 5 white collar crime felons for each year should be hung by the neck until they are dead on the white house lawn on the day of the State of the Union Address. I stress that it should be a day of celebration with food for all, trinkets for the kids, and weak beer for the adults.
UPDATE 3 11/10/2011
China actually does this, without the fanfare:
China Executes Fraudsters

I trust wall street like a brother.... not one bit.

Update: This is a link to a blog article regarding Amazon employees dropping from heat exhaustion.
http://www.parapundit.com/archives/008302.html

With the increase in depressed circumstances for many, employers will be able to pick and choose with ease. I hope this is an anomaly and not a windsock for the future of the American worker.

Update 2: