Author Archives
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Smart Bird: Robinhooders are the Product
…folks like my nephew actually aren’t your customer. They’re your product. Your customer is sitting right next to you, Mr. Griffin with Citadel.”
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Smart Bird: Do you wonder why Citadel pays your brokerage to execute trades instead of charging them?
Robinhood, E-Trade, TD Ameritrade, Charles Schwab, WeBull, Ally Invest Securities, First Trade, TradeStation and Fidelity all get paid to direct your orders to Citadel to execute trades according to the Marten’s 4 February article.
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The Martens: Another Perspective of the GameStop saga
Before you buy into the David versus Goliath saga of GameStop, it would be wise to step back and do some homework on what’s really going on.
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The Martens: Why the financial markets are broken – extreme corruption at the top.
“The pint-sized Carmen Segarra had the guts to sneak a tiny tape recorder into the New York Fed to blow the whistle on the crony relationship between the Federal Reserve Bank of New York and Goldman Sachs. Segarra was an… Read More ›
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TSP Smart: The Predators’ Protectors
Apparently, a proven background in preying on average Americans is now a prerequisite for getting a job as a Wall Street regulator.
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Smart Bird: The Other Deep State
It’s not the Left or the Right. It’s the Top versus the Bottom 99%.
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Smart Bird: Serial Felons run our Financial System
Smart Bird comment: This should be the number one debate topic today, but it is ignored by politicians and the media. The simple story is made complicated by the industry and the media. The simple story is we have felons running our financial system and they continue to get away with with merely slaps on the wrist.
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Wall Street… evading US rules again
Without the restoration of the Glass-Steagall Act, Wall Street’s wealth transfer system, that plunders the 99 percent in service to the 1 percent, will continue humming along.
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Financial Markets Trump the Economy
Why did the Fed do that? Because the largest deposit-taking banks in America are now also the largest trading houses, thanks to the repeal of the Glass-Steagall Act in 1999…
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The Fed Rides to the Rescue of JPMorgan and Citi Again
I’m getting sick of this. They can get away with it because few understand what is going on and there are so many distractions. From wealth transfer to wealth preservation for the few while the many fall back, again. Excerpt… Read More ›