Registered: May 2002
07-19-12 04:33 PM
something similar, but in smaller increments and much larger scale happens every second..cause there is no REAL liquidity. its' all fake. and this is the cause of the flash crash. and money in flash crash aren't just "evaporated wealth" as media report it. someone did pocket those 'losses' in exact same way(with maybe some variations of it) as it was described in your link above.
and like i said many times-this is exactly why WS will do do just fine without any retail traders. cause it's their ultimate goal-less liquidity\participants-more money for them made as it was described above. at expense of tax payer,who must do something with his retirement money,invested via that 'institution' ,which was raped in example above. and you what? no one actually care about it. WS guy on one side and money manager on another. they both got paid. one-via this trade,another-by his 'management fees'..they both paid..by YOU. beautiful scheme, and like George Carlin said-it's a big club and you ain't in it..