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Monday, September 27, 2010

The SEC's Rocket Scientist: He Aimed for the Stars, He Hit ... Scientists, Secrets and Wall Street's Lost $4 Trillion By PAM MARTENS

http://www.counterpunch.org/martens09272010.html
Thanks to an ever growing influx of Ph.D.s from the Ivies and an insatiable demand for an algorithmic trading edge by secretive hedge funds and proprietary trading desks at the largest firms, Wall Street has become part physics lab, part casino, part black hole.
What Wall Street bears no relationship to any longer is its primary mission in the U.S. economy: to be a fair and efficient allocator of capital to worthy businesses and innovators to propel job growth while also providing a medium for allowing investors to buy or sell stocks and bonds of those businesses at a fair price.

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