The High-Frequency Traders who have been distorting the U.S. stock market and raising the costs for everyone else have had their pride wounded. After starting with a straightforward definition: High frequency trading — the use of computer-driven, algorithmic-based techniques to execute trades in a matter of microseconds — is drawing scrutiny, but Wall Street argues […]

I left out of the last post why David Vitter (claims) he is blocking the two SEC nominees: Sen. David Vitter (R., La.) will block two nominees to the Securities and Exchange Commission until the agency announces whether victims of R. Allen Stanford’s alleged Ponzi scheme are owed compensation from the Securities Investor Protection Corp….“We’ve […]

As the title indicates, this will be a more than usually confused post.The stimulus was the now famous grief over elementary fairness which errupted when “[Judge] Scott Fairgrieve of Nassau County District Court, wrote that ‘swearing to false statements reflects poorly on the profession [of law] as a whole” and fined lawyer Steven J Baum […]

The NYT pretends that the Cuomo/Rattner battle is about personalities, but briefly let’s the mask slip: Neither side seems willing to budge, each insisting he is the wronged party: the attorney general feels deceived and affronted, and the Wall Street money manager feels persecuted for conduct he views as standard business practice. “‘Feels’ deceived and […]

Max Sawicky, on his Twitter feed, sends us to this classic piece from Donald Luskin Believe me, if we raise taxes on hedge-fund managers we’ll get fewer hedge-fund managers. Today, with lots of hedge-fund managers trading all the time and keeping markets efficient, stocks are at record highs around the globe and markets are deeper, […]

I took a couple of days to let life interfere with blogging, but none of the standard politics/economics bloggers seems to have highlighted this note from the Lex column of last Wednesday’s (13 October 2010) FT (again, no link; feel free to provide in comments) under the heading “Defence M&A”: Lockheed has two small services […]