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September 21, 2012

Los Angeles Times: Former trader to Congress: stock markets 'in a crisis'

 

“A former Wall Street trader plans to tell a congressional panel investigating computerized trading that the stock market is in a “crisis.”

“U.S. equity markets are in dire straits,” David Lauer, now a consultant with the advocacy group Better Markets Inc., said in his prepared testimony. “We are truly in a crisis. Over the past three decades a technological revolution has swept over Wall Street.””

Read Andrew Tangel’s full LA Times article here

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