High-Frequency Trading Has ‘Rigged The Stock Market’

By: Tuesday April 1, 2014 9:09 am

High-frequency trading (HFT)  has been allowed to continue despite its transgressive nature due primarily to people being unable to understand it, or so says Michael Lewis. HFT involves using supercomputers to make financial trades at milliseconds to front run other traders and benefit from the advantage of speed. The conclusion of the analysis is that [...]

After NSA Whitewash Story 60 Minutes’ John Miller To Join NYPD

By: Friday December 27, 2013 8:01 am

After producing the now discredited 60 Minutes puff piece on the NSA the anchor of the piece, John Miller, is going back to his other job Рapologizing for the use of state power. Miller will be rejoining the government communications profession for the New York Police Department. The announcement has not surprisingly been met with [...]

Lynn Szymoniak’s Story in 60 Minutes Wins Prestigious Loeb Award

By: Wednesday June 27, 2012 6:15 am

Earlier this month, I had the pleasure of appearing on a panel at Netroots Nation with, among others, Lynn Szymoniak, the lawyer and forensics expert who during her own foreclosure case recognized the massive fraud in documentation being perpetrated by banks. Lynn devoted the next several years to rooting out this fraud and telling anyone [...]

60 Minutes Shines Spotlight on Persistent Mortgage Fraud

By: Monday December 5, 2011 1:39 pm

If the President wants to show the country that he now wants to give Americans a fair shake and break up the “invisible government” that exists in parallel with Wall Street, he could give a statement on last night’s 60 Minutes story on two whistleblowers at mortgage originators who stand ready to work with the [...]

Now Everyone in Congress Wants to Pass the STOCK Act

By: Wednesday November 16, 2011 8:17 am

I thought the 60 Minutes piece on insider trading by members of Congress had quite a few holes in it, but it did call attention to the indefensible fact that members of Congress have no restrictions on insider trading. The conceit is that all hearings, votes, etc. in Congress are a matter of public record, [...]

60 Minutes Loses Credibility on Congressional Insider Trading Story

By: Monday November 14, 2011 8:57 am

I found last night’s 60 Minutes story on insider trading in Congress to be uneven, partially underwhelming and at times outright misleading. That Congress has access to insider information and does not have to sequester off their stock trades in ways that would allow them to profit from this information is beyond dispute. The simple [...]

60 Minutes Tackles Foreclosure Fraud Tonight, Exposing Unresolved Chain of Title Problems

By: Sunday April 3, 2011 2:09 pm

I am definitely looking forward to tonight’s 60 Minutes special on foreclosure fraud. In it, the head of the FDIC, Sheila Bair, will call for a cleanup Superfund to cleanse the country of toxic mortgages. Banks so poorly handled documentation on millions of mortgages that many today cannot prove that they own the homes they [...]

The War on Public Employees

By: Tuesday December 21, 2010 10:36 am

The continuing resolution that should pass Congress by the end of the day includes the pay freeze for federal employees. Aside from how this will harm the ability to hire and retain talented workers acting in the public interest, this is just the beginning of a broader assault on public workers being seen all over [...]

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