Andy B.

The Coming Consequences of Banking Fraud

"Again, when viewed through the “fraud prism”, such activity makes complete sense. It is obvious that the “Rise of the Machines” has created markets that are now dominated by computerized high frequency trading programs that can execute trades as quickly as 0.5 milliseconds and have as their sole purpose the creation of short-term market distortions driven by statistical arbitrage that can be used to game the system and cheat their clients. Though this link describes how this scheme works in commodity markets for those that have been following the New York Stock Exchange, the use of high frequency trading programs to game the system at the expense of the retail investor has been glaringly obvious especially in the trading behavior exhibited this past summer."

I have 7,000 shares of FNM and was wondering how "someone" has been managing to keep the stock price close to $1.68 all this time. Now I know. Thanks for the eye opener. You deserve a Pulitzer.