Thom Hartmann: Terminator trading should be banned

[thomhartmann]

Guest: Tanya Marchiol, Founder & President-Team Invesments Inc. joins Thom Hartmann. Remember in the Terminator movies - how an evil computer program was going to take over the world? Well - that's kind of happening right now on Wall Street. Why is the government allowing machines to do most of the trading at the big banks - and isn't it time we shut them down?

The Big Picture with Thom Hartmann on RT TV & FSTV "live" 9pm and 11pm check www.thomhartmann.com/tv for local listings

[JDPriestly]

1. My impression: Tanya is not too bright.

She claims she is stating facts, but really she is just stating the opinions of third parties who are not participants in the conversation. She does not understand how to tell an opinion from a fact.

Poor woman. She needs to go back to school and get an education if she wants to opine on the issues of the day. Please, Tanya, learn to distinguish between an opinion and a fact.

Other people's opinions are not facts.

[miamipilot]

2. Our Salvation is Contained Under Certain Provisions of the JOBS Act!

For too long our capital markets have been monopolized by high frequency traders and a handful of supersized banking conglomerates at the expense of our small businesses and local economic development. They are not capitalists, and the perversion they engage in is not capitalism. Capitalism is the peoples’ trillions of dollars invested in companies that produce and distribute goods and services. Wall Street has deflected this capital away from job growth exactly as Adam Smith warned that the “prodigals and projectors” would do. As a result, our capital markets, once the envy of the world, have regrettably become impediments to job creation and economic growth instead of robust supporters. After all have you seen what type of returns the financial services industry in giving?

I am a former Wall Street Investment Banker/professional. I have written and spoken in this field for many years. I also have been working in the small business capital formation space for many years. Furthermore, I have written and developed a unique series of books, course manuals and seminars which will go in to efforts like this.

I ask for your support of the new SEC provisions under the JOBS act. Get more progressives to advocate for finance capital to further social and economic common purpose by using collaborative funding and crowdfunding techniques (as well as direct public offerings).

Certain provisions that passed under the Jobs Act have been under heavy attack lately by the SEC and state regulators. These SEC/State regulators mostly consist of conservatives wanting to keep everything the same way by propping up an out-dated "top-down" legal/regulatory framework. This only perpetuates business as usual. I urge you to follow my blog on these and other progressive developments in capital finance at: http://www.democraticcapitalism.com