Hacker News new | ask | show | jobs
by lake_vincent 1308 days ago
Wouldn't it be wild if a market maker also controlled a hedge fund, and also had members installed on regulating bodies, but then like, PINKY PROMISED they wouldn't abuse their positions? And then imagine if the SEC were complicit because it's run by an ex-Goldman henchman?

Nothing bad would happen, right?

1 comments

You need to explain how a hedgefund or market maker makes money off retail investors?
I really hate to do this because it sounds lazy, but I strongly encourage you to watch The Problem with Jon Stewart's episode on this. He explains it very well, and it's a lot of information, so if you are genuinely curious, I would highly recommend it. It will open your eyes to a level of criminal activity at the highest levels of our markets that will hopefully surprise you. It explains this, and more.

https://www.theproblem.com/episode-5-the-problem-with-the-st...

You've just watched a pretty good quibi of "The Problem with Jon Stewart's viewers".