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portada War On Wealth
Type
Physical Book
Author
Illustrated by
Publisher
Language
English
Pages
110
Format
Paperback
Dimensions
27.9x21.6x0.6 cm
Weight
0.27 kg.
ISBN13
9781519597625
Categories

War On Wealth

Steve Wunsch (Author) · Dave Gordon (Illustrated by) · Createspace · Paperback

War On Wealth - Gordon, Dave ; Wunsch, Steve

New Book Imported to Netherlands
Delivery: 14 Oct - 21 Oct Shipping: 16 to 20 business days.
€ 19,61
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Synopsis "War On Wealth"

Bizarre as both the flash crash and the conspiracy to cover it up was, even more bizarre was this: What happened was obvious within hours to me and many others, presumably including many at the SEC. Nonetheless, almost everyone in the industry, led by the SEC, refused to even consider the obvious and correct explanation. The flash crash had nothing to do with Greece, the market averages, the rapid loss and recovery of $862 billion, the futures market or any of the other chaff thrown up by the SEC to draw attention away from its booboo. The flash crash happened because on May 6 the stock market was operating exactly as the SEC designed it to operate, and performed flawlessly all day long according to that design, including during those 20 minutes when trades at 1/100 of a cent were rounded down to zero and trades at $99,999.99 were rounded up to $100,000, all of which printed instantly to the SEC's mandatory transparent tape. This was radically different from how the market used to operate before the SEC's electronic reforms created high frequency trading. And the industry, peopled by those who wanted to keep their jobs and could not afford to challenge the SEC, helped the Commission circle the wagons around its disingenuous cover-up. That true story is what this book is about.

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