May 11, 2010
Bank of America, Citigroup, Goldman Sachs and JPMorgan Chase Company produced the equivalent of four perfect games during the first quarter. Each one finished the period without losing money for even one day.
As Reported by the New York Times today here:
http://www.nytimes.com/2010/05/12/business/12bank.html?hp
Is this not clear that there is a two tier market where the tier one players mentioned above are essentially allowed to cheat? What more proof do you need? Anyone that has ever traded knows this is not possible unless they are doing the things we have all previously described where they are front running orders and cherry picking the good fills. Oh lets give price improvement here because we love our customer. COME ON