If this in fact the "theory" behind much of Wall Street, we are deeply and profoundly screwed. These guys are theoretical idiots.
Megaleverage bets with other people’s money.
What could be more fun?
“These guys are theoretical idiots.”
Theoretical in this case should be criminal along with their congressional mobsters. This is a Bubba and Republican Congress mess. If I was running things there would be a lot of hitters working full time.
Trading anything that does not have intrinsic value should be banned. Trading vapor must stop. I don’t give a happy whatever if most of these geniuses loose their homes, jobs and whatever. Enough widows and orphans have made them rich.
911 taught me what value Congress put on these traders when we paid their families millions for their deaths when we treat the troops families like dirt. Vapor is worth more than Patriotism if you share with Congress.
I would also ban using computer for anything but taking and handling orders no buy sell programs. Enough of Vegas where the house always wins.
Glass Steagall must be reinstated!!!!!