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Feds trace flash crash to Chicago
politico ^ | 5/7/10 | EAMON JAVERS

Posted on 05/07/2010 6:02:41 PM PDT by Nachum

Federal investigators probing the “flash crash” that briefly sliced nearly 1,000 points off the Dow Thursday are zeroing in on a series of “unusually high-volume” trades in S&P futures that originated in Chicago, a government official told POLITICO.

Those trades set off a chain reaction of trades that caused the biggest drop within a single day in the Dow Jones Industrial Average’s storied history.

(Excerpt) Read more at politico.com ...


TOPICS: Crime/Corruption; Extended News; Government; News/Current Events; United Kingdom
KEYWORDS: 201005; 20100506; 201504; algotraading; cboe; cbot; chicago; chicagoway; cme; crash; feds; fernando; flash; flashcrash; flashtrading; highfrequency; highfrequencytrading; liquidity; markets; nasdaq; navindersinghsarao; nyse; sarao; spoofing; stoploss; trace; trading; uk
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To: Nachum; Liz; onyx; STARWISE; hoosiermama; Velveeta; SE Mom; penelopesire; Bahbah; ...

“Feds trace flash crash to Chicago”

ChicagoWay ping!


21 posted on 05/07/2010 6:56:50 PM PDT by maggief
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To: All

FWIW ...

Comment at politico link:

???

May 7, 2010all

Obama Attack On Corporate Giant P&G Shatters US Stock Market
By: Sorcha Faal, and as reported to her Western Subscribers

An interesting report prepared for Prime Minister Putin by Deputy Minister Tatyana Nesterenko of Russia’s Finance Ministry states that US President Barack Obama yesterday ‘personally ordered’ an attack on America’s fourth largest corporation Proctor & Gamble (P&G) over fears this Global consumer products giant has aligned itself with American Military ‘elements’ set to ‘forcefully oppose’ the ‘socialization’ of their country.

According to this report, this Obama launched attack against Proctor & Gamble originated from the banking giant Citigroup he had previously taken over using $300 Billion of American taxpayer money, and which yesterday initiated a P&G stock trade that not only cut this corporate giants worth in half, it nearly collapsed the entire US stock market in the process.

American propaganda news reports are stating that this disastrous Cititgroup stock trade was ‘mistakenly’ done when one of their traders entered ‘billion’ instead of ‘million’ while processing a sell order for P&G stock, which was immediately noticed by financial news analysts reporting on what has now become the US stock markets biggest intraday point drop in history.

Important to note, this report continues, was that at the same time Obama was attacking P&G’s stock value, he was also assaulting them through the use of his governments Consumer Product Safety Commission, which hours before the attack on P&G’s stock value announced they were launching a probe of the World’s largest household products company over claims it Pampers diapers were harming children, a claim P&G quickly fired back was “completely false”.

[Note: It bears mentioning that at the same time Obama was attacking P&G, his own government scientists are attacking him. According to the New York Times, the President’s Cancer Panel (called the Mount Everest of the US medical mainstream) yesterday released a devastating “landmark” report warning that “to a disturbing extent, babies are born ‘pre-polluted” due to the number of unregulated and untested chemicals being poured into their bodies. (continued)

http://www.whatdoesitmean.c...


22 posted on 05/07/2010 7:02:17 PM PDT by maggief
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To: maggief; onyx; penelopesire; seekthetruth; television is just wrong; jcsjcm; BP2; Pablo Mac; ...

Hmmmpf!!! Well .. well... well, and there’s
a few financial firms closely connected to
-0 .. Ariel Investments, for one.

‘Course, Soros could’ve just given the word
or a diabolical hacker:

~~~~~~~~~~~~~~~~~~~~~~~~~

*****ALERT:

LTC LAKIN IS COMING UP WITH ANDERSON COOPER —
CNN AC360!!!!! He just announced the upcoming
segment descriptions, and Lakin’s was stated.


23 posted on 05/07/2010 7:10:42 PM PDT by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
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To: onyx; penelopesire; seekthetruth; television is just wrong; jcsjcm; BP2; Pablo Mac; ...

Well .. Anderson’s been well coached in disinformation.

In so many words, his description of Lakin’s stand
is that he doesn’t believe -0 is a NATIVE born
American citizen.

Typical ...

Prayers for LTC Lakin.


24 posted on 05/07/2010 7:19:26 PM PDT by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
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To: maggief; STARWISE; Velveeta; Liz

Can we find out who made lots of money because of the “little glitch”.....? Follow the money.... Whose campaign coffer did it go into?


25 posted on 05/07/2010 7:22:56 PM PDT by hoosiermama (ONLY DEAD FISH GO WITH THE FLOW.......I am swimming with Sarahcudah! Sarah has read the tealeaves.)
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To: STARWISE

Got three TVs on it...GIve him a big boost and maybe more stations will cover for the ratings.


26 posted on 05/07/2010 7:23:59 PM PDT by hoosiermama (ONLY DEAD FISH GO WITH THE FLOW.......I am swimming with Sarahcudah! Sarah has read the tealeaves.)
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To: hoosiermama
Can we find out who made lots of money because of the “little glitch”

Ask the people on the other end of the trades.

27 posted on 05/07/2010 7:27:23 PM PDT by Glenn (iamtheresistance.org)
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To: maggief

I burnt the fish tonight. My house smells awful. I can’t deal with this...lol.


28 posted on 05/07/2010 7:27:31 PM PDT by onyx (Sarah/Michele 2012)
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To: STARWISE; hoosiermama
#28. I think I'll have to sit outside and maybe sleep there too...lol.
29 posted on 05/07/2010 7:30:57 PM PDT by onyx (Sarah/Michele 2012)
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To: onyx; hoosiermama; All
ROFL ...

* * * *

"Muscles" Anderson is dragging out his Haiti report. Ltc. Lakin will probably get 4 mins.

30 posted on 05/07/2010 7:35:22 PM PDT by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
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To: onyx; hoosiermama; STARWISE; Liz

hmmmm ....

http://www.businessweek.com/news/2010-05-07/berkshire-filing-shows-smaller-holding-of-procter-gamble.html

May 7 — Warren Buffett’s Berkshire Hathaway Inc. had a smaller shareholding of Procter & Gamble Co. at the end of March than three months earlier, a company filing showed.

The market value of Berkshire’s investment in the world’s largest consumer-products company fell to $4.73 billion on March 31 from $5.04 billion at the end of December, Buffett’s firm said today in its quarterly report. Cincinnati-based P&G rose 4.4 percent on the New York Stock Exchange in the first quarter.

The investment’s cost basis, a measure of how much was paid to accumulate a stake, declined to $4.46 billion from $4.96 billion, Omaha, Nebraska-based Berkshire said. The cost basis for American Express Co., Coca-Cola Co. and Wells Fargo & Co., the other three top holdings listed in Berkshire’s filing, were unchanged in the quarter.


31 posted on 05/07/2010 7:36:00 PM PDT by maggief
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To: maggief; onyx; hoosiermama; Beckwith; Red Steel; Fred Nerks; BP2; El Gato

Ltc Lakin ON NOW ..

now AC said “natural born citizen”


32 posted on 05/07/2010 7:39:08 PM PDT by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
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To: STARWISE

Showing the GREEN BC and mentioning
the 2 newspaper announcements.

AC’s getting very ticked off at the
the lawyer .. Lakin hasn’t answered
yet.

Woooo .. AC’s getting really tough.


33 posted on 05/07/2010 7:40:38 PM PDT by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
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To: STARWISE

AC’s panties are in a leftist wad ...


34 posted on 05/07/2010 7:43:51 PM PDT by maggief
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To: maggief

Sissy Cooper spewed the same lying talking points and was always talking over Lakin and Jenson. Sissy: Obama release his birth certificate to the public. Absolute BS.


35 posted on 05/07/2010 7:48:15 PM PDT by Red Steel
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To: maggief

Totally .. weren’t you tho skeered by hith fury?
LOL ..


36 posted on 05/07/2010 7:48:34 PM PDT by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
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To: Nachum
Hello. One purpose of the "flash crash" was to take stops set by those trying to protect their investments. In reality, their stocks were stolen at a lower price due to the rapid market fall. Also, the drop was so precipitous the price paid for many of the securities would be below the stop price which can not be guaranteed depending upon the rate of all. Whoever had the power to do that is now filthy rich at everyone else's expense.
37 posted on 05/07/2010 8:48:10 PM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: onyx

It’s SO windy here that we could open the front and back doors and all the dust would be gone in ten minutes.....Other contents of house might blow away too....

My babies won’t leave my side. I’ve got to get up at five, but the wind is singing too loud to sleep.


38 posted on 05/07/2010 8:53:55 PM PDT by hoosiermama (ONLY DEAD FISH GO WITH THE FLOW.......I am swimming with Sarahcudah! Sarah has read the tealeaves.)
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To: MeneMeneTekelUpharsin
So...I want to see a list of who was buying......NOW!
39 posted on 05/07/2010 8:55:10 PM PDT by hoosiermama (ONLY DEAD FISH GO WITH THE FLOW.......I am swimming with Sarahcudah! Sarah has read the tealeaves.)
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To: STARWISE; maggief
Lawyer made a good point that none of testimony, paper were admissible in Court....Think AC was taken back by that????
40 posted on 05/07/2010 8:57:32 PM PDT by hoosiermama (ONLY DEAD FISH GO WITH THE FLOW.......I am swimming with Sarahcudah! Sarah has read the tealeaves.)
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