Whether we like it or not, the stock market is important to the average American, maybe moreso than ever in our nation’s history. All Americans are de facto participants and beneficiaries of healthy markets whether directly or indirectly, as investors or corporate employees, and Senator Charles Schumer gets it. I applaud the Senator’s opposition to the…
Charles Schumer
Paul Wilmott on High Frequency Trading
This is a very important perspective on what the rise of High Frequency Trading may mean to our markets and the companies that trade on them. The piece is short on empirical evidence but long on common sense. The main questions raised in the op-ed are: Is the liquidity argument that HFT proponents spout so…
Breakfast Links: Schumer, Bernanke & The God of Email
Stuff I’m Reading this Morning… The Hard Rock Hotel in Las Vegas is undergoing a big expansion right now…good timing. (AP via Yahoo) Seantor Schumer asks SEC Chief Mary Shapiro to ban high frequency trading. No Goldman campaign money for you, Chuck. (Bloomberg) The Great Preventer op-ed: Why Nouriel Roubini thinks Ben Bernanke should be…
The Shareholder Bill of Rights: Better Late than Never
I’ll start off here with a caveat…I know that Chuck Schumer is pushing this bill because of the populist impression it gives, keeping in mind that some of his biggest fundraisers over the years have been pro-corporate entrenchment and traditional Wall Street interests. I also know that this is the type of after-the-fall legislation that…
