The secret recordings of Carmen Segarra, a former Federal Reserve bank examiner stationed at Goldman Sachs, have caused a quite stir since they were aired last week in a segment on the popular podcast “This American Life.” The tapes not only allege wrongdoings at Goldman, but also instances of the Fed, the firm’s primary supervisor, handling the… Read More >>
The Hot Air Over High-Frequency Trading
High-frequency author Michael Lewis is having some major success in getting the mainstream media and thus people in power to take notice of the dangers (and upsides) of high frequency trading (HFT). The Justice Department, the FBI, the New York Attorney General, the SEC and the CFTC are stumbling over each other like Keystone Kops… Read More >>
