Monday, November 12, 2012

Legally Crooked......the

This book is totally revised from my 1990 edition.

Everything that I stated about the NYSE specialist system was proven correct. Does the problem of control still persist? Yes, it does. However, the people and entities that have taken over control from the specialists are now even more dangerous, because these forces have more capital and more network resources than what was true of the NYSE specialist system. However, consider that the specialist firms have all been taken over by the big banks and big brokerage houses. While the principles of market control remain the same, it becomes important for investors to realize how these new big players are employing their strategy against public investors. The financial vampire system continues. It is all legal under the law, but it is also very ethically crooked. Every investor should know how the game is being played by these Wall Street vampires which includes the big banks, brokerage houses and the financial news media. 

The introduction to the book can be sampled at http;//