Monday, September 17, 2012

THE FREE MARKET GAME IS RIGGED AGAINST US

(h/t Barry Ritholz)

The SEC has discovered that the NYSE has a two-tier system for reporting orders, one for the MOTU and one for the rest of us.

Here's the basic picture:

1 comment:

Ken Hoop said...

http://www.nakedcapitalism.com/2012/09/michael-hudson-on-how-finance-capital-leads-to-debt-servitude.html

The game is really rigged. Lengthy but worth it.