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HomeBook Review: Is Wall Street Rigged? “Michael Lewis Is Just Scratching The Surface”
Posted by Larry Doyle on April 14th, 2014 6:40 PM |
I appreciate anybody who takes the time and makes the effort to read and review my book, In Bed with Wall Street.
That said, I deeply appreciate those who in reading my book really seem to “get it” and are then willing to lay it on the line in “delivering it” in their review. On that note, Mark Melin of ValueWalk goes to the front of the class.
Melin dives deeply into the material. I give him credit for reaching out to Wall Street’s self-regulator FINRA to get their take on some of my hard hitting charges detailed in the book. In regard to my long held assertion that FINRA engaged in insider trading in its liquidation of ~$650 million of auction-rate securities, a FINRA spokesperson commented to Melin: (more…)
“Illegal Insider Trading is Rampant and May Even Be On the Rise”
Posted by Larry Doyle on November 20th, 2010 6:54 AM |
How are regular retail investors supposed to compete?
Why have investors been fleeing our markets in droves?
Well, if the financial earthquake of 2008 did not crush you then perhaps the “Flash Crash” of May 6th left you sufficiently unnerved. Were you able to weather both those upheavals? If so, I congratulate you for your discipline and perspicacity. I would also encourage you not to let your guard down. Why’s that?
The fact is the challenge in navigating our economic landscape is not only addressing the squalls and storms that we can observe on the horizon but also the insidious work of those who would betray the very integrity of our markets. Is this even possible? Let’s navigate. (more…)
JP Morgan’s Perfect Quarter More Evidence “Game Is Fixed”
Posted by Larry Doyle on May 11th, 2010 2:15 PM |
First Goldman Sachs. Now JP Morgan.
The shop where I worked from 2000-2006 released a report highlighting the fact that it made money each and every day of the 1st quarter. Thanks again to Matt for bringing this story to my attention. Bloomberg highlights, JP Morgan Traders Match Goldman’s Quarter with No Trading Loss:
JPMorgan Chase & Co.’s traders matched those at Goldman Sachs Group Inc. in making money every day of the first quarter, a first for both companies. (more…)
