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Wednesday, June 10, 2009 10:41:47 AM
In the spirit of conducting a fair market, will we ever see the day when live MM's are replaced by software?
I would hazard a guess that certainly in the financial markets that as much if not more than 99 out of 100 times when you mix money and humans you get the potential for greed to become involved in the process. When all the market really needs instead of an incentivized party executing trades, is software to match buy/sells and execute trades in an orderly manner. No greed with software hence the stock value is determined more by the underlying issues rather then by the ticket taker manipulating the price.
Not only does the FDIC need to be checked out, so does the Central Banking System AKA the Federal Reserve system as well as Wall Street. Bring those behind these facades into the light and you will see who controls everything. Probing those quasi governmental entities would be more productive than going after the Government itself for answers.
All in my opinion.
FREE WaMu!
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