The Mystery of the Stock Market Flash Crash

On May 6th of this year, the stock market took a tremendous plunge in a matter of minutes, sparking fears that the recovery we're seeing in the economy had all been undone. But miraculously, and very suspiciously, the market skyrocketed again and all was fine. We were told that the so-called flash crash was merely the result of a trader with fat fingers who hit the wrong buttons. But Congress isn't so sure about this, and the timing of the crash coincided with a vote on a bill that would have broken up the big banks that caused our financial meltdown. Mike Papantonio talks with blogger David DeGraw, submitted a report to the House Homeland Security Committee about how this crash could have been the work of financial terrorists.

Category:

News & Politics

Tags:

• Flash Crash
• Stock Market
• May 6
• Crash
• JP Morgan
• Goldman Sachs
• Paulson
• Geithner
• Bernanke
• High Frequency Trader
• Economy
• Politics
• David DeGraw
• Mike Papantonio
• Ring of Fire

[orangedac]

don't look to the SEC to get the truth.

[ryanshaunkelly]

what becomes of a government & media

that continues to lie to the people re 9/11

fool me once shame on you

fool me twice shame on me

[bradleymxz]

down down down in a burning ring of fire

[RadarKat73080]

"Liquidy provider"?  Ewwww!