Andymatic

Category: 13. Rampant Cronyism and Corruption

  • How Dark Pools Help Traders Cheat Transparency

    To find out what assets a dark pool will either sell or buy and at what price, you first have to ping it. Once you ping the pool with a request to, say, buy a specific asset, the pool will reply with the price that it’s willing to sell you that asset for. You can […]

  • High-Frequency Trading: Like the Matrix with Money

    The other key ingredient to the success of any HFT platform is low network latency. The platforms are greatly helped in this regard by the fact that many exchanges will let HFT platforms pay to co-locate their servers with those of the exchange itself, so that the HFT platform can get its order in ahead […]

  • Blackwater Founder Implicated in Murder

    Erik Prince, may have murdered or facilitated the murder of individuals who were cooperating with federal authorities investigating the company. The former employee also alleges that Prince “views himself as a Christian crusader tasked with eliminating Muslims and the Islamic faith from the globe,” and that Prince’s companies “encouraged and rewarded the destruction of Iraqi […]

  • Krugman: Rewarding Bad Actors

    [W]e’re looking at huge payouts by firms that were major recipients of federal aid. Citi has received around $45 billion from taxpayers; Goldman has repaid the $10 billion it received in direct aid, but it has benefited enormously both from federal guarantees and from bailouts of other financial institutions. What are taxpayers supposed to think […]

  • Wikileaks: As Iceland Collapsed, A Few Cashed Out

    Yesterday the website WikiLeaks* published TOP SECRET information about loans made by Kaupthing bank just before the Big Meltdown last October. Rumours had been circulating about large-scale money transfers from the bank during the days preceding the bank collapse last fall. The leaked document shows definitively that massive loans were made to a select few […]

  • Sibel Edmonds: Bin Laden worked for US Until 9/11

    Former FBI translator Sibel Edmonds dropped a bombshell on the Mike Malloy radio show, guest-hosted by Brad Friedman. In the interview, Sibel says that the US maintained ‘intimate relations’ with Bin Laden, and the Taliban, “all the way until that day of September 11.” These ‘intimate relations’ included using Bin Laden for ‘operations’ in Central […]

  • Betsy McCaughey's Lies

    Two weeks ago, on former Senator Fred Thompson’s radio program, she warned that “the healthcare reform bill would make it mandatory — absolutely require — that every five years people in Medicare have a required counseling session that will tell them how to end their life sooner.” via Will Bill and Betsy kill again? | […]

  • AIG Retreats and Hunts May Violate State Law

    From Bloomberg: The party is over,” Cuomo said today at a press conference on Wall Street in lower Manhattan. “No more hunting trips. No more luxury resorts. They are not going to have the party and leave the hangover for the taxpayers.” AIG has been castigated by officials since the New York- based insurer hosted […]

  • Shining Shithole on the Hill

    The good thing about being an INFJ is you see patterns in everything all the time but stay quiet and introverted enough that you pack down your suspicions labeled as paranoia. I don’t blog much lately because everything I’m feeling is so hopeless. I guess that is a bit extreme. Things locally are wonderful. Ron […]

  • Bush Family's Nazi Past

    The best part about Bush making remarks about appeasement is the context of his grandfather Prescott: His business dealings, which continued until his company’s assets were seized in 1942 under the Trading with the Enemy Act, has led more than 60 years later to a civil action for damages being brought in Germany against the […]