Monday, May 10, 2010

HFT, breaking the back of Speculators

I've been talking here about the dangers of HFT, and Wall Street and Hedge Fund traders herding money in a speculative horde and killing our economy. This morning on CNBC (the business news cable channel), we're seeing Senator after Senator being paraded across our screens in interviews about what went wrong in our nation's financial markets last week. They're all talking about HFT. They're all talking about Speculation run wild. These idiots in Washington DC are always behind the curve when it comes to addressing anything of importance.

One Senator we won't see today? Why, of course, North Carolina Republican Senator Richard Burr. The man is clueless when it comes to helping with any of the serious issues our country faces right now. He has zero expertise about economic issues, health care, education costs, energy production. Senator Burr is a former lawnmower salesman. And right now, we don't need a focus on making our nation's lawns look prettier. North Carolina deserves better than Republican Senator Richard Burr.

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