Friday, June 08, 2007

Looking back.............

A few short years ago, we had the bald man parading the floor of the New York Stock Exchange telling the world about the specialist system, the transparency, the auction system, "open-outcry" system of price discovery, blah blah blah..........while making his nearly $200,000,000 in his retirement benefits. Goldman Sachs gets their man in the hot seat, Grasso gets dumped, the NYSE seat-holders make their money and the specialist system is in shambles. Once the seat-holders were paid off, the floor has gotten so quiet it should be a museum. Or a jail.

No comments:

Native American Advisors CHIPPEWA PARTNERS