considering what s at risk in our country. joining us now, john najerian, co-founder of option trading site, optionmonster.com. one of the foremost derivatives. he likes to trade them in public, on an exchange with capital. you could make a lot more money if you don t have any capital in your derivatives. the more we can lever up apparently the more money we can make. and if it s a mistake, it s somebody else s mistake, they pay the price, not you. that s what got us here and that s what you re talking about right here. and this high-frequency trading, this is what s really driving me nuts right now. because they pushed out a lot of the folks that were in between the markets. the market-makers, they pushed out about 8,000 of them with an combination of payment for order flow and this high-frequency trading. where basically you needed $1 billion to play or don t come. and then you needed an i.t. staff and massive pipes to the internet. now i use a lot of those same
john, a pleasure, thank you for the insight. coming up on the dylan ratigan show, america s real two-party system. the bankster party and the people s party. who s in which and why? we re breaking down where your lawmakers stand in this country. are they for those who would take our money? or for those who would force it to be lent and invested in our country? plus, the race to contain the gulf coast oil spill. what we now know about the feds and how they let the oil companies regulate themselves. that s a good call, right? also, is it better to be lucky than good? what the gop is saying about the times square bomb plot and president obama s terror policy. we re back here on friday afternoon at msnbc. by jell-o. three decadent flavors. 60 calories.
million quotes per second coming off the new york stock exchange and nasdaq, that s way too fast. and that means that basically those people aren t taking risk. instead, they re just picking people off. why is it, john, that what insight do you have as to why the government again and again, rules in favor of this the sell-side banks legalizing high-frequency trading to make up for their lost revenue in normal trading? legalizing effectively too big to fail for all the obvious reasons. delivering the bailout, no strings attached. credit lending is much more profitable than business lending. although credit lending is disastrous for the future of our country. and business lending is very potentially anyway, beneficial to the future of our country. i saw you doing this. but i as cynical as that appears, are politicians bought by the banksters? absolutely. unfortunately, i lost what mr. angelides had to say there.