Sunday, November 24, 2013

The Federal Reserve (FRBNY and BOG) are accused of hiding a trillion dollars annually [of earnings due the U.S. Treasury] #FED #BillStill

Source: Still Report
Date: 11/23/2013
New York Federal Reserve Bank
Editor's Note: The Federal Reserve is required by law to refund all earnings minus the 6% shareholder dividend back to the U.S. Treasury.  This lawsuit by a Federal Reserve whistle-blower alleges that a trillion dollars of the earnings a year is concealed and thus embezzled.  The original lawsuit was thrown out as outlined by Bill Still.  However, the amended complaint appears below. See You've been robbed by a bank and you haven't the slightest clue! for a good overview of how the Federal Reserve system works.
Video appears below.

Wednesday, November 13, 2013

How the Stock Market Is Rigged, According to a Robo-Trading Whistleblower [ #Quant ]

Source: Motherboard via BlackListedNews
Date: 11/13/2013
By Alec Liu

“If you’re on Wall Street, you would just assume that you’re being ripped off, unless you were the one doing the ripping off,” says Dave Lauer, who has helped build robotic systems at top firms like Citadel.

This is the opening of The Wall Street Code, a new documentary on the mysterious and sometimes incomprehensible world of high frequency trading produced by Backlight, a Dutch public broadcasting company. The focus of the documentary isn’t on Lauer, who has testified as an expert at a Senate Committee Hearing on HFT, but on Haim Bodek, a "genius" algorithm architect who dared to break Wall Street’s notorious omerta, the industry’s unwritten rule of silence and secrecy.
Read the rest here.