Saturday, June 28, 2014

Wall Street and Washington want you to believe the stock market isn't rigged. Guess what? It still is

Michael Lewis woke up Average Joe investors, but the fat cats are still trying to lull you into financial submission with their intellectual dishonesty

Heidi Moore
theguardian.com, Sunday 22 June 2014 07.45 EDT

Most Americans don't think much about the stock market, and that's just fine with Wall Street. Because once you wake up to how screwed up the stock market really is, the financial industry knows you're likely to get very nervous and take your money out.

Many are catching on: between 2007 and 2014, investors pulled $345bn from the stock market. E-Trades are down and worries are up, with 73% of Americans still not inclined to buy stocks, five years after the financial crisis.

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