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Honestly, this stuff just shows us how rigged the system is. This isn't the first time it has happened. Flash crashes caused by bad algorithms lost a bunch of
by fokov 8y ago
Honestly, this stuff just shows us how rigged the system is. This isn't the first time it has happened. Flash crashes caused by bad algorithms lost a bunch of money that was reversed as well. IMO, it is horrible to reverse this. They took the risk and got to keep the reward, but as soon as they fail, they get bailed out every single time.
- buschkowitz 8y agoIf I were an exchange and would earn tons of cash from Goldman on trading commissions, I would bail them out too, I guess.
- digi_owl 8y agoWhy do this bring to mind how casinos treat big name gamblers...