MORE ON PRIVATIZING THE PRIVATE SECTOR

I noted below that the MOTU have been creating a secret system of trading that is opaque to the public and the regulators.   Last May's "Flash Crash" revealed that most of us don't have a clue about what the MOTU are up to and I suspect that it isn't the common good.

"Flash crash" panel calls for US market overhaul
By Roberta Rampton and Jonathan Spicer

WASHINGTON/NEW YORK | Fri Feb 18, 2011 2:04pm EST

WASHINGTON/NEW YORK (Reuters) - U.S. regulators should stem the growing tide of anonymous stock-trading and consider charging high-frequency traders for their disproportionate amount of buy and sell orders, said a panel of experts advising how to avoid another "flash crash."

The unprecedented May 6, 2010, market crash sent the Dow Jones industrial average down some 700 points before rebounding, all in a matter of minutes. It rattled investors, exposed flaws in the structure of markets, and set regulators on a mission to fix the system and restore confidence.

Some 33 percent of U.S. stock-trading takes place away from exchanges, up from 20 percent four years ago. Some of the biggest internalizers are market maker Knight Capital Group Inc, bank Goldman Sachs Group Inc, and hedge fund Citadel.