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perhaps then he has redeemed himself,, too much "pro" stuff has come from these CNBC reporters that they have been used as tools by those perpetrating frauds upon the marketplace and Americans, hence, that's why so many on these boards (most likely) have begun to hate the commentary and lack of transparency and substance by these reporters ... these dark pools evidently do NOT want (regulatory) transparency.... not much more complicated than that....
Enough is enough, is this guy an idiot? It appears they are trying to find a new smoking gun on Blankfein's desk every day now. "Dumping on unsuspecting mom and pop investors"? Please, that is pathetic! It's not like the shares are created out of thin air. Shares have been bought and sold outside of exchanges since the beginning of time. I don' t see how traders are ripped off. How is GS ripping me off when they buy 1 million stocks in AAPL from some pension fund over a dark pool and then sell a fraction to me? Where exactly does the rip off occur.
This *hit has been going on forever. It became mainstream during the Bush years, and it seems that the current administration turns deaf ears to what it wants to. As an aside, how the hell does GS get make 6 BB in year-over-year after tax profits, and get away with paying a 1 % marginal tax rate ??? To me, that's a worse scam that these dark pools.....
when you have the ability to release a newsrelease stating that you just put stated stock on your conviction buy list as you dump it kind of makes it a no lose situation? not saying they would ever do such a thing but just thinking out loud.
bullseye. And they have been doing it for at least 10 years, maybe longer. If there ever was a worthless network, CNBC is it.
Dark pools? Why there's even a controversy about it? Kill all dark pools immediatly. No price discovery or transactions outside of the regulated, public exchanges. IT IS CALLED TRANSPARENCY, A PILLAR OF ANY MARKET WORTH ITS SALT. So, killing the dark pools decreases volumes? Then be it! Killing dark pools decreases Goldman Sachs profits? Be it! Why there's even a discussion about that is out of my realm of thinking
much agreed! much agreed, also that comment regarding how GS can continue to take advantage of the US consumer and financial system and expect that these dislocations can continue is quite dangerous to everyone not employed at GS. on one extreme, isn't that what the justification that both the German regime used to justify looting "their" firms and businesses? on the other extreme, isn't that what even Nixon said, regarding his chief negotiator with that heavy groggly voice? on the other extreme, isn't that what the Russian revolution claimed was at their rationale behind their 1917 change over? on the other extreme, isn't that why over the last 8 yr administration, one of their chief tenants was releasing businesses from regulations that even his father's administration sought to strengthen? we have one touch set of circumstances that really are much more dangerous than they are being presented.... this is full blown depression... and it almost seems like no one is attacking it for what it really is, an aggressive cancerous condition on the financial system....
This is soooo simple.... De-fragment the exchanges.... 100% all transactions.....all transactions go through price discovery on the public exchange.... First come....first served..... 100% direct access electronic exchanges.... The exchange is just time-stamp software....that's it.... There has to be size restrictions.... Short sales are easy....no shorts allowed above the outstanding float number....electronically tagged.... Regulation....electronic monitoring..... No account maximum or minimum.... Margin....all asset classes 4:1 intraday and overnight.... Nope.... no more secret anything.... All securities ....all classes.... Transactions should not cost more than 20 cents per hundred units to click a mouse.... All securities information....fact based ....wiki system.... All securities free speech opinions.....attached to their real records...if none...then none.... Banks no longer allowed in the securities business.... IBs create public companies...that's it.... Hedge funds or other management efforts....separate businesses... .................................................................... This is not confusing..... Just use the technology that is available and working today... ie BATS..... .............................................................. A straight up exchange is very important for job recovery and economic recovery.... There should be no taxes at all on any security in the name of efficient capital.... ................................................................. If necessary....house the exchange where it is most efficient.... Somewhere else....where legal largess and Fascists do not rule the day.... .................................................................... A market needs millions of smaller players with differing opinions....the worst and the best....and all inbetween.... What is not good for the market is a handful of very large players who deal with such large positions that they can control the marketplace......THIS has got to go.... Nope....no dark ...light ...or any non public form of price discovery with public securities... That's it.....all she wrote....