Part 8: Financial System Fragility & Wall Street Skimming
The financial system has evolved into a highly efficient machine…for skimming profits and using opaque complexities to hide the sheer magnitude of the operation. Sure, we get cheaper trades on a per trade basis, but with billions of trades the tiny slices add up. Importantly, the system has a number of weak points about which every investors and financial profession should be aware.
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The skinny
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