Broken Markets: How High-Frequency Trading and Predatory Practices Are Destroying Confidence and Your Portfolio, by Sal Arnuk and Joseph Saluzzi, FT Press, 2012 This insider look at the evolution of high-frequency trading (HFT) from its start as “scalping” in the Chicago commodity trading pits well over a decade ago is …
Stiglitz Joins Galbraith in Calling for Criminal Prosecution of Bankers
November 6, 2010 In July, James Galbraith called for the criminal prosecution of the bankers, presumably thousands, whose frauds brought about the Global Financial Collapse. He said: What to do? To restore the rule of law means first a rigorous audit of the banks and of the Federal Reserve. This …