[ExI] Efficiency of algorithmic trading
rafal.smigrodzki at gmail.com
Sat Apr 30 13:24:34 UTC 2011
On Sat, Apr 30, 2011 at 4:09 AM, BillK <pharos at gmail.com> wrote:
> Of course Wall Street is now totally corrupt and robbing the nation.
### The financial system has been corrupted by the government, yes.
And as usual under a government, the resulting outrages are actually
used to support even more outrageous government actions.
> But as the article I referenced makes clear, the big problem is the
> rule of law and regulatory capture.
> The laws are already on the books. But if you work in Wall Street,
> nobody will enforce the laws because they know that next year they
> will have a multi-million dollar job in Wall Street.
### It's more than that - the laws themselves are written in order to
allow transfer of resources to those in power, so no matter how
outrageous their actions are, there is nothing to prosecute. If you
want to fix your bank, you need to start with abolishing the
bureaucrats collectively running it from DC, Whitehall, or Brussels.
In other words, it won't happen.
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