Archive for the ‘Uncategorized’ Category
Does the average taxpayer really understand what it means to be a shareholder?
August 13th, 2009 | 
Author: The U.S. Treasury’s TARP program has essentially made the average taxpayer a shareholder of a number of the country’s largest corporations including General Motors, Bank of America, and Citigroup. With all of the public outcry concerning pay at Wall Street firms, particularly aimed at the receivers of TARP funds, it makes me wonder if the average taxpayer understands what’s at stake here. Recruiting top talent has always been an extremely competitive aspect of doing business in financial services, and it is a large determinant of how profitable a Wall Street firm will be. It has long been a well accepted axiom on the Street that a financial firm’s most valuable assets go up and down its elevators every day.
Posted in 
What Should Be Done About High Frequency Trading?
A recent New York Times article has led to a good deal of discussion about High Frequency Trading (HFT). According to the Times:
