OF THE
TIMES
How did this happen? Right now, we don't know. But in high-speed trading, where computer algorithms fed by data make trades based on pre-programmed strategies, the difference between trading at seven milliseconds after the news and two milliseconds after the news can be worth millions."According to trading data reviewed by CNBC, they began buying in Chicago-traded assets just before others in that city could possibly have been aware of the Fed's decision. By one estimate, as much as $600 million in assets changed hands in the milliseconds before most other traders in Chicago could learn of the Fed's September surprise - a sharp contrast to the very low volume of trading ahead of the Fed's decision."
For sheer "Let them eat cake"-ness, this ranks right up there with Lloyd Blankfein's "I'm doing God's work" riff and Berkshire Hathaway billionaire Charlie Munger's line about how it was proper to bail out Wall Street, but people in foreclosure should "suck it in and cope."The uproar over bonuses "was intended to stir public anger, to get everybody out there with their pitch forks and their hangman nooses, and all that - sort of like what we did in the Deep South [decades ago]. And I think it was just as bad and just as wrong."
Comment: The radio was clearly jammed. So Alexis wasn't acting alone.
Perhaps they learned from Sandy Hook that it's easier to take complete control of the airwaves by jamming them altogether, rather than try to manipulate them during and after the fact.
Washington D.C. elite tactical police units were ordered to stand down while massacre took place at Navy Yard
Washington Navy Yard Shooting: What's The Point?