Forum Post: Focus and demands
Posted 13 years ago on Oct. 9, 2011, 9:02 a.m. EST by Riaguy
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The protest should move to the SEC. The demands should start with:
- Heavily tax or prohibit high frequency trading programs. These are the real robbers of IRA and 401( k ) accounts nationwide. They start each day with nothing, skim and front run the markets all day and then leave the day with nothing invested.
- Outlaw the purchase of naked CD swaps. They have permitted what is tantamount to "buying insurance on your neighbors house and then burning it down while he's out to dinner".
- Put limits on "golden parachutes" for executives that screw up a company and then leave with a pile of cash as reward for their failure.
Rather than protest on Wall St. Go to the source that has regulatory control over Wall St.
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