Financial news I consider important, with my opinion, which is worth as much as you paid for it.
Please click HERE to read a synopsis of my view of the financial situation.
Saturday, May 15, 2010
Max Kaiser on Alex Jones Show
Max takes my pontification this past Sunday a step further. Since the cost of trading is billed by the market makers, the net cost for trading stocks is zero. This allows computer trading to control the marketplace with the 70% of the volume.
Max mixes this capability on how the banks may be using this power to call the shots with congress breaking the banks up.
In any case, this show is pretty fringe, watch with a grain of salt, but worth watching.