At 3:46 PM +0000 6/16/03, SnowDog wrote:
...
>Problems with the NYSE-style markets??
 
(Dernit, now I have to go googling, but at least this scam's not the
usual Ponzi BS, and it's certainly about money!)

Yes, criminality-problems not solved by plenty of regulations heaped
on over decades. A small number of firms make a market in stocks on
the NYSE and make sure stocks like IBM can be traded. Besides the
stuff like http://www.fool.com/news/take/2002/take021220.htm (the
"analyst" conflicts in the Enron/Global-Crossing scandals) and Freddie
or Fannies' possible imminent demises, these firms have been a real
problem because there's no open system that tells traders whether a
well-timed trade actually leads to a timely execution, because these
crooks wanted to make a small-but-guaranteed profit illegally so they
have a system of playing favorites.

At the moment, because I don't even know the right terminology, the
story is escaping me, but it happened this year and involved higher-
ups in the NYSE and member firms, whose owners apparently feel
they have a royal right to profit off of US stock markets. TGC's offer
of a choice -- an efficient 24-7  way out of this -- is what's so cool. I
hope someone else can help me with the story and a few URLs.
Thanks.
JMR



---
You are currently subscribed to e-gold-list as: [EMAIL PROTECTED]
To unsubscribe send a blank email to [EMAIL PROTECTED]

Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) 
via the web and shopping cart interfaces to help thwart keystroke loggers and common 
viruses.

Reply via email to