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Forgive me for my incomplete understand of the CME's profits. Does the CME clear trades for JPM or any other large bank? If so you profit indirectly from those
by rrhyne 17y ago
Forgive me for my incomplete understand of the CME's profits. Does the CME clear trades for JPM or any other large bank?
If so you profit indirectly from those institutions. Regardless, too many people who profit directly or indirectly from Wall Street and it's surrounding economies are apologists for the TBTFs actions.
Back to my questions. You agree with Taibbi on front running/flash. 2 more to go.
- andrew1 17y agoIf you're going to go down the 'indirectly' profiting route, then where do you want to stop? Does the grocery store where he spends his wages also profit? Does the farmer that they but their food from indirectly profit? Does the chemical company that creates the fertilizer they use indirectly profit?