whistleblowers (1)

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Weekend Reads

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  • 200 million social security numbers breached @ Experian.  US Attorney General to launch probe. (nothing is safe if a credit bureau is hacked)
  • The DoJ confirms the FBI is investigating high frequency trading (HFT).  With the way broker/dealers (AMTD, ETFC, SCHW) were slapped heavily last week, it looks like this time it's serious.
  • The FBI is asking the public (traders and stock exchange workers) to blow the whistle on HFT.
  • The SEC (accustomed to making it's own decisions when it comes to TBTF banks) feels their authority has been undercut and doesn't care for Dodd-Frank or The Financial Stability Oversight Council, who now can make it's own regulations with respect to "systemically important" financial institutions.  Shocking.........because the SEC did such a horrible bang-up job of stopping the last financial crisis. Heritage.org
  • Where have all the workers gone?  WSJ takes a look (free access).  If you ask me, there's no incentive with minimum wage so low and those long o

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