Patrick Brown
Patrick Brown asked:

When you compare this to The Big Short, which is the "bigger story?" In other words, are the corruptions related to high-frequency trading on a similar scale to the horror show that was mortgage-backed securities?

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Frank I honestly feel the Big Short was the bigger corruption. There was no oversight, the SEC just covered their eyes, the Bond graders were pure idiots who thought they were geniuses, and the banks were running every gambit they could knowing they were doing wrong but getting away with it. There was many things that should have been regulated and avoided. The shorting was fine. The things that people saw that led so many people to shorting were not. And we're now seeing large court cases finally starting.

The big short was a far more complex and deep corruption and just devistating.

High Frequency trading is illuminating. It explains what banks and HFTs are doing, but it's not necessarily a "Corruption" it's a massive flaw in the way the current system works and IEX the "honest" exchange is even having trouble fixing the problems because the HFT are just hijacking issues that all exchanges have.

HFTs are systemic of the problem, the Bank's dark pools are also but realize the exchanges, the bankers and the HFT are all profiting off of the investor. It's bad, but it's a part of the market. Before this, banks were already profitting off of the market (They might buy a stock at 79.99 cents and sell it to the person at 80.01 if that's what they wanted to pay). It's just now a more automated system for it.
Nicki Brøchner You can argue the case of shorting is actuarially helping the marked, but it is really difficult to do the same for front running.
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