tag:blogger.com,1999:blog-2495499100279472520.post8296767869980766821..comments2024-03-22T12:11:58.453-06:00Comments on Michael Offutt: Flash Boys is an eye-opening reveal of the highway robbery taking place on Wall Street every dayMichael Offutt, Phantom Readerhttp://www.blogger.com/profile/10557969104886174930noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-2495499100279472520.post-30649351443443875512014-04-06T21:55:54.136-06:002014-04-06T21:55:54.136-06:00I've known about this sort of stuff for a long...I've known about this sort of stuff for a long time because I'm a Matt Taibbi fan. I'm not surprised and I've been outraged by it but it seems like the greater American public is apathetic or feels helpless about the corruption. I think mostly they feel helpless??? Especially given that protests these days seem to wind up with arrest or violence (i.e. NM shooting of a homeless man which then led to protests here which led to more arrests of protesters) and the news reporting it as though protesters are always the aggressors. <br /><br />Speaking of Wall Street: If you want to make it rich on Wall Street, there was a recent article in Bloomberg View (a review of a book called WINDFALL) called "Profit from Global Warming or Get Left Behind" The book details many ways that Wall Street has been planning on making their millions on increase as the waters rise. Here's a quote "iMany people consider water a necessity, a basic human right, but investment advisers and their well-heeled clients view water as blue gold, the "petroleum of the next century" whose value as an asset class will surpass all other physical commodities. Money is pouring into "hydrocommerce" including water rights and water asset hedge funds." <br /><br />Gotta love Wall Street. I predict nothing will ever change whether what they do is legal or illegal. Danettehttps://www.blogger.com/profile/15043881305977386629noreply@blogger.comtag:blogger.com,1999:blog-2495499100279472520.post-43522308966701700372014-04-06T19:37:28.543-06:002014-04-06T19:37:28.543-06:00802,082… You know I check in every couple weeks to...802,082… You know I check in every couple weeks to see where your page views are at… ;-) <br /><br />I think you might be the most popular person I know. :) Morganhttps://www.blogger.com/profile/15747144518868320969noreply@blogger.comtag:blogger.com,1999:blog-2495499100279472520.post-53809988772792365192014-04-05T01:17:55.351-06:002014-04-05T01:17:55.351-06:00Definitely unfair, truly the dark side of capitali...Definitely unfair, truly the dark side of capitalism. Sheena-kay Grahamhttps://www.blogger.com/profile/17712661419116636671noreply@blogger.comtag:blogger.com,1999:blog-2495499100279472520.post-58182537571305909832014-04-04T22:41:11.503-06:002014-04-04T22:41:11.503-06:00I saw the 60 Minutes piece on this story, and thou...I saw the 60 Minutes piece on this story, and though I wasn't shocked (Really? Wall Street is crooked?), I was delightfully surprised by the two youngish guys who were so appalled by the injustice of the situation they left cushy jobs to open their own exchange and fight the bad guys.<br /><br />The New York Times followed that up with an excerpt from the book, which I just started, and it turns out there's a third youngish hero. <br /><br />The good news is, the book is at least causing shock waves through Wall Street and some rat bastards are getting worried. While I'm not holding my breath for the SEC to grow a pair and start regulating the hell out these crooks (as you rightly call them) and their insider use of technology, I am hopeful that Hollywood might make a movie lionizing the heroes. Maybe that'll educate a few more Americans who don't even realize their retirement funds are being ripped off.Helenahttps://www.blogger.com/profile/14967821142796562697noreply@blogger.comtag:blogger.com,1999:blog-2495499100279472520.post-91624115319738381122014-04-04T19:52:55.274-06:002014-04-04T19:52:55.274-06:00In spite of the fact that many people deride socia...In spite of the fact that many people deride socialism, unfettered capitalism can never work. A combination of both is required. Unfortunately we learned this week through a Supreme Court decision that we no longer live in a democracy. We now live in an oligarchy--rule by the rich.stephen Hayeshttps://www.blogger.com/profile/17659054447637207734noreply@blogger.comtag:blogger.com,1999:blog-2495499100279472520.post-11812461148022387102014-04-04T15:01:57.634-06:002014-04-04T15:01:57.634-06:00When I see stuff like this, I think: This is why t...When I see stuff like this, I think: This is why the French Revolution had to happen.<br /><br />When people are so fixated on "winning the game" that they play like this... When money is the game...Liz A.https://www.blogger.com/profile/16531953467834426316noreply@blogger.comtag:blogger.com,1999:blog-2495499100279472520.post-90917274350677512012014-04-04T09:49:08.403-06:002014-04-04T09:49:08.403-06:00@Desert: Review? I didn't notice a review but ...@Desert: Review? I didn't notice a review but now you got me excited! I'll have to read it :) And no, this isn't bitcoin, which my mind still struggles to understand the point to.Michael Offutt, Phantom Readerhttps://www.blogger.com/profile/10557969104886174930noreply@blogger.comtag:blogger.com,1999:blog-2495499100279472520.post-54899618200306255732014-04-04T09:48:48.035-06:002014-04-04T09:48:48.035-06:00Hmm...I'll have to check that book out.Hmm...I'll have to check that book out.David P. Kinghttps://www.blogger.com/profile/17259276981865439853noreply@blogger.comtag:blogger.com,1999:blog-2495499100279472520.post-86198800124030191452014-04-04T09:41:00.124-06:002014-04-04T09:41:00.124-06:00I didn't understand how it worked though I'...I didn't understand how it worked though I've seen the controversy going on. Thanks for explaining it so clearly. So the guys with the best technology wins? The guys who have lots of money to start with make more money? Another example of laws unable to keep up with technology.Susan Gourley/Kelleyhttps://www.blogger.com/profile/02669793865290876168noreply@blogger.comtag:blogger.com,1999:blog-2495499100279472520.post-45294191854538123562014-04-04T09:19:09.901-06:002014-04-04T09:19:09.901-06:00Is this high-frequency trading where bitcoins come...Is this high-frequency trading where bitcoins come into play? BTW, did you notice my review? Intangible Heartshttps://www.blogger.com/profile/05047040538015079182noreply@blogger.comtag:blogger.com,1999:blog-2495499100279472520.post-30795341190121929052014-04-04T07:53:59.191-06:002014-04-04T07:53:59.191-06:00Ha, I saw an article on this book last week I thin...Ha, I saw an article on this book last week I think and I was going to ask if you'd read it.<br /><br />What these people sound like are ticket scalpers, the type who buy up all the tickets they can to a popular event and then resell those to the public for more money. Only because they're on Wall Street, some people will think these scalpers are OK.PT Dillowayhttps://www.blogger.com/profile/09394481476862013009noreply@blogger.comtag:blogger.com,1999:blog-2495499100279472520.post-72251629706290306372014-04-04T07:49:07.206-06:002014-04-04T07:49:07.206-06:00Ultimately it will come down as to whether it'...Ultimately it will come down as to whether it's legal or not. Fair? Not at all, even though it is capitalism.Alex J. Cavanaughhttps://www.blogger.com/profile/09770065693345181702noreply@blogger.com