Wall Street Is Not Being

There Was But One Question He Left Unasked, And It Vibrated Between His Lines: If Gross Miscalculations Of A Person's Value Could Occur On A Baseball Field, Before A Live Audience Of Thirty Thousand, And A Television Audience Of Millions More, What Did That Say About The Measurement Of Performance In Other Lines Of Work? If Professional Baseball Players Could Be Over- Or Under Valued, Who Couldn't?

The Institutions At The Centre Of Capitalism Are Bigger Than They've Ever Been, The Pay Is Much Greater, The Ability Of Society To Get Its Arms Around It Is Much Less. The Political Clout Of The Financial Class Is Unbelievable. I'd Say The Story Is Darker Than When I Was There. When I Was There It Felt Like A Comedy - And Now It Feels More Like A Tragedy.

Warren Buffett Is Fond Of Saying That Any Player Unaware Of The Fool In The Market Probably Is The Fool In The Market.

The Idea That It's Smart To Allow Wall Street Firms, With This "too Big To Fail" Imprimatur, To Become Hedge Funds Again - It's Unconscionable. You're Essentially Saying We're Going To Take Some Elites In Our Society And Let Them Roll The Bones In The Marketplace, And If It Works Out They Get Rich, And If It Doesn't Work Out The Taxpayer Comes In Again. That Seems Absolutely Crazy To Me. That Seems To Be Where They're Headed. I Mean, Maybe They're Not And I'm Wrong. Maybe They'll Do Sensible Things. It's Hard To Know! There Doesn't Seem To Be A Plan.

When The Last History Of High-frequency Trading Is Written, Hunsader, Like Joe Saluzzi And Sal Arnuk Of Themis Trading, Deserves A Prominent Place In It.