- 200 million social security numbers breached @ Experian. US Attorney General to launch probe. (nothing is safe if a credit bureau is hacked)
- The DoJ confirms the FBI is investigating high frequency trading (HFT). With the way broker/dealers (AMTD, ETFC, SCHW) were slapped heavily last week, it looks like this time it's serious.
- The FBI is asking the public (traders and stock exchange workers) to blow the whistle on HFT.
- The SEC (accustomed to making it's own decisions when it comes to TBTF banks) feels their authority has been undercut and doesn't care for Dodd-Frank or The Financial Stability Oversight Council, who now can make it's own regulations with respect to "systemically important" financial institutions. Shocking.........because the SEC did such a horrible bang-up job of stopping the last financial crisis. Heritage.org
- Where have all the workers gone? WSJ takes a look (free access). If you ask me, there's no incentive with minimum wage so low and those long out of the workforce need to be re-trained, but can't afford it. Student loans just further place them back in debt, which they haven't forgotten that sting. btw, whatever happened to vocational training in high school? Nice job Congress of cutting education spending. That worked out well, didn't it. In the meantime, the government is on the hook......
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