The Securities Exchange Commission is becoming woke – opinion
DARLENE CASELLA , 17 April 2021
Franklin D. Roosevelt was president when the Securities Exchange Commission was created in 1934. The function of the SEC was to regulate the buying and selling of securities, and to reform the stock exchanges. Its Holy Grail was to protect investors.
Prior to the stock market crash in 1929, there was no regulation of financial markets. A flower shop could sell stocks and bonds. The shoe shine boy gave hot stock tips. Unregulated Wall Street was deficient of accurate audited information regarding securities issued or sold. False information, fraudulent rumors and get-rich-quick schemes abounded. Speculation, insider trading, manipulation, short selling and buying on low margin credit was rampant. Prominent stock brokerage firms existed, but trustworthy information was out of the question for the average person. Continue reading “Article: The Securities Exchange Commission is becoming woke – opinion”
Thomas Sowell (/soʊl/; born June 30, 1930) is an American economist, social theorist, and senior fellow at Stanford University’s Hoover Institution.
Born in North Carolina, Sowell grew up in Harlem, New York. He dropped out of Stuyvesant High School and served in the Marine Corps during the Korean War. Upon returning to the United States, Sowell enrolled at Harvard University, graduating magna cum laude in 1958. He received a master’s degree from Columbia University in 1959, and earned his doctorate in economics from the University of Chicago in 1968. Continue reading “Economist: Thomas Sowell”
Author: Matt Taibbi / Feb 6, 2021
The Big Apple mag takes a shot at purveyors of “balefully misguided progressive discourse,” i.e. me and a few others who cheered the GameStop rally. A note in reply
Market manipulation or David vs Goliath? Unpacking the Reddit trader phenomenon — podcast
Gabriel Friedman, 03 February 2021
David Goldreich is a professor of finance at the University of Toronto’s Rotman School of Management; and Pauline Shum Nolan is a professor of finance at York University’s Schulich School of Management, and also the chief executive of Wealthscope, an investor analytics company.
GameStop’s incredible ride isn’t over, but it’s clear that a group of small investors used the internet to band together and stake out a position that put them at odds with several deep-pocketed hedge funds. In an inversion of the usual power dynamics, at least a few hedge funds have reported deep losses, and at least a few of the smaller investors are reporting big gains.
Continue reading “Article: Market manipulation or David vs Goliath? Unpacking the Reddit trader phenomenon — podcast”
Adena T. Friedman is a member of the board of directors at the Federal Reserve Bank of New York. She assumed the role of president and chief executive officer of Nasdaq in 2017 and is a member of the board of directors. Prior to her appointment as chief executive officer, Friedman served as president and chief operating officer of Nasdaq throughout 2016. Prior to that, she served as chief financial officer and managing director of The Carlyle Group from March 2011 to June 2014, and played a significant role in taking the company public in May 2012. Friedman earned an M.B.A. from Owen Graduate School of Management, Vanderbilt University, in Nashville, Tennessee. She holds a B.A. in political science from Williams College in Massachusetts.
Federal Reserve Bank of New York
Stacey Friedman is Executive Vice President and General Counsel for JPMorgan Chase & Co. She also serves as a member of the firm’s Operating Committee. She joined the company in 2012 from Sullivan & Cromwell LLP, where she was a partner in the firm’s Litigation Group and a key advisor to the firm. Prior to joining Sullivan & Cromwell, Friedman was a clerk for the Honorable Gary L. Taylor, United States District Court, Central District of California. She received her B.A. from the University of California, Los Angeles, and J.D. from Duke University School of Law. Prior to law school, she worked for Senator Dianne Feinstein.
Patrick M. Byrne CEO of overstock.com
yosuccess, 25 December 2015
Born in 1962 – Patrick M. Byrne is the CEO of most trustworthy online venture – OverStock.com. He is the son of Jack Byrne, who had built the GEICO insurance empire, and a protégé of Warren Buffet. Under Patrick’s leadership, OverStock.com saw a rise from $1.8 million in 1999 to $760.2 million in 2007, and now $1.5 Billion (FY 2014) in overall revenues.
Since the time Patrick has taken over Overstock.com in 1999, he has been the centre of attraction amongst almost all the media outlets including the Wall Street Journal, ABC News, Fortune, CBS Marketwatch, BusinessWeek, etc…. Continue reading “Article: Patrick M. Byrne CEO of overstock.com”
Russian Mafiya Red-Handed in Extensive Crime Ring
RED MAFIYA: How the Russian Mob Has Invaded America. Robert I. Friedman. Little, Brown. $25.95. 269 pp.
Guess where the second-largest American collection of Russian mobsters outside of Brighton Beach, Brooklyn, lives? That’s right: the land of leche and EliM-an — Miami.
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