The center of the financial world. But today most trading in stocks is done elsewhere by Robot Computers that buy and sell in microseconds, faster than you can blink an eye. And the computers have done so well that some institutional traders have come to believe that the game is rigged. Are humans ever involved in the trading . Humans are not involved in the trading because humans are way too slow. [ticking] there are close to 850,000 of them in the United States, twice the number of atms. The new slot machines, the Main Attraction at casinos, are like hightech video games. And states across america are increasingly relying on them to raise revenue 38 states and growing, including pennsylvania. But the former governor ed rendell didnt appreciate some of our questions about it. You guys dont get that i do get it. Youre simpletons. Youre idiots if you dont get that. Welcome to 60 minutes on cnbc. Im steve kroft. In this edition, we look at the world of big deals on wall street and in las
Securities and Exchange Commission chairman Mary Schapiro express important that the action on a stock frank. Chairman schapiro said the libel make markets more transparent, stable and efficient. From George Washington University Law school, and this is 45 minutes. Good morning. I am paul berman, 19 of the law school as art said and i want to welcome you to this conference and obviously welcome Mary Schapiro, chairman of the securities and Exchange Commission. So one of the things that i think makes this law school, the George Washington University Law school distinctive and different from other top law schools is the degree to which we are integrated into the real world of law and policy practice in this country. So one of the things we are always striving to do this not be an ivory tower Academic Institution solely, but also one that is always trying to engage the practicing bar, people from corporations, people who are not lawyers in the educational enterprise and also when Public P
Tenets of working make a lot of rules work. Let alone the super vision and the capacity to ensure they do. So what are the priorities . In my opinion, first theyre finalizing the orderly liquidization authors. And the thirty paper takes a hard look at this to see if it is a robust end too big to fail. To whatever piece is the right to the agency that it can be resolved. If it too complex, doddfrank tells the agencies can you go come you tell the same complex banks. No more crossborder bridges. Structures often subsidiaries that are more easy to resolve. We need to hold regulators accountable for acting on living wills said the big bang sorry so i requires make more resolvable, not step away if it wont happen, lets do Something Else from which no one agrees than few specifics are getting hand. Orderly resolution they think is important and vital. New capital rules, new liquidity rules and a keen eye to Operational Risk management, all of which can be best insured, not only by new rules,
Trantwos a securities trader and he takes a look at wall street, washington, and federal regulators. He argues that they all have objectives that have far more to do with making money been serving the public. This is about 40 minutes. Good evening and thank you for joining me this evening to talk about my newly released book, in bed with wall street the conspiracy crippling our global economy. I want to thank my friend john cuneo. For graciously hosting a this evening. So i thank you very much for that. I would not be here if i did not have some really great women behind me. I would like to thank my editor and Emily Carlton and her team. I thank them think them and i want to thank my agent as well my publisher from second city publishing. I wasnt even going to write a book until cynthia asked me why i dont write a book. I want to thank my publicist and the media and sarah houseman. As they say behind every good man there is a better woman and i have a great team. Most of all i want to
A patriots history of the modern world volume 2,. Watch for this programs and more on booktv. For a complete schedule, visit booktv. Org. Larry doyle is a former more fanningbacked mortgagebacked securities trader. He takes an inside look at the relationship between washington, wall street and federal regulators. He argues they have object is that have objectives that have far more to do with making money than serving the public. This is about 40 minutes. Good evening. Thank you very much for joining me this evening to talk about my newlyreleased book, in bed with wall street. Before we get into that, first off, i want to thank my good, great friend be john and his partners were graciously hosting us this evening. So thank you very much for that. I wouldnt be here if i didnt have some truly great women behind me. First off, i want to thank my editor at Palgrave Macmillan, Emily Carlton and her team, so thanks to them. I want to thank my agent, cynthia zigman who found me in early 2012.