U.S. Proposes Ban on Flash Trading on Wall Street

The NY Times article is saying that The S.E.C. on Thursday proposed banning what are known as flash orders, which use powerful computers to glimpse at investors’ orders. The practice is often associated with a controversial corner of finance called high-frequency trading, which has grown, largely hidden from view, into a potent force in the […]

What Caused the Financial Crisis

The following from Thomas Friedman pretty well sums up how we got the financial crisis. This problem is more complicated than anything you can imagine. We are coming off a 20-year credit binge. As a country, too many of us stopped making money by making “stuff” and started making money from money – consumers making […]