On the recordNovember 15, 2010
When are you going to do something about this and get off the backs of our community bankers?
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congress.govWhen are you going to do something about this and get off the backs of our community bankers?
Bunning demands action to relieve pressure on community banks from regulators.
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But I am sorry, sir. Sophisticated--even if they are not sophisticated, anybody that puts a market order in knows exactly what is going to happen to a market order.
It is hard for me as someone who worked in the market for 31 years to understand how any trades can be broken arbitrarily by an exchange.
Why do you think we saw a more severe move in exchange-traded funds than in the underlying stocks? Should investors be worried that these products are not as reliable as everyone thinks they are?
They may be day traders. They may be someone who is in it just for a very short period.