Mary Jo White’s announcement yesterday that high-frequency trading, dark pools and the industry around the avant-garde in market structure are now officially under review brought us some sports analogies.
Four years ago, when Barack Obama delivered an inaugural address in the middle of the country’s worst recession in seven decades, more than 1 million supporters braved frigid weather to hear his first words as president.
It looks like a scene from a classic Western: A taciturn gunslinger drifts into town and gets into a bar fight. He’s arrested by the sheriff and is about to be taken away when a cattle baron shows up, accuses him of theft and threatens to take the law into his own hands.
At the “Wolf of Wall Street” premiere last night, the stars on the red carpet were hotter than the investment tips. Considering the movie tells the story of a convicted stock swindler, that was a good thing.