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To: Chip McVickar who wrote (3113)3/4/2004 3:58:56 PM
From: Chip McVickar  Respond to of 12410
 
NYSE Specialists

This is a follow up to the Bernanke speech... which was an eye-opener on the implied lengths to which the government will go to prevent a deflationary depression.

Specialists play a major role in what Bernanke brings to light.

WSJ article today is worth reading with more detail then Forbes... This is new news.

WSJ article notes the year long investigation... but now states that 2 dozen senior individuals will be individually prosecuted and that some have already left their respective firms. Has this and would this cause serious disruption and will the new rules significantly change these firms within the overall skeeem.......?

NYSE probes individual specialists - WSJ
forbes.com

NEW YORK, March 4 (Reuters) - The New York Stock Exchange is investigating about two dozen individal "specialists" for potential trading abuses, the Wall Street Journal reported on Thursday, citing unnamed people familiar with the matter.

The probe concerns whether the specialists, who trade stocks on the NYSE floor,.......



To: Chip McVickar who wrote (3113)3/4/2004 4:55:37 PM
From: Jack of All Trades  Read Replies (1) | Respond to of 12410
 
This statement below is exactly what they are letting happen to the clownbuck recently, but supply is different this time...

<By allowing persistent declines in the money supply and in the price level, the Federal Reserve of the late 1920s and 1930s greatly destabilized the U.S. economy and, through the workings of the gold standard, the economies of many other nations as well. >