Back in February, Jamie Dimon, the chairman and chief executive of JPMorgan Chase, told Fox Business that “Paul Volcker by his own admission has said he doesn’t understand capital markets. He has proven that to me.” After its recent $2 billion loss in trading, it seems even JPMorgan may not …
Hazel Henderson comments on FTT
Hazel Henderson comments on FTT Posted: 11 Oct 2011 08:40 PM PDT 1.I am for a global financial transactions tax. 2. The need to downsize the global bubble of financialization and tame this global casino ( as I have written for decades ! ) Today, HFT is another compelling reason. …
Ethical Markets Media Supports FTT
By Hazel Henderson, June 2010 Today, over 60% of all trading on Wall Street exchanges is done by computers – all programmed to compete to get the fastest execution of their trades at the best price. Each trade generates a commission so the most trades make the most money. The …