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It’s time we tax financial gambles
"Remember the May 6 stock market 'flash crash,' when the Dow plummeted nearly 1,000 points in less than an hour? The experts are still scratching their heads over the exact cause of that historic market bungee jump. What is clear is the plunge never would have happened without automated high-frequency trading, which accounts for 50 percent to 75 percent of daily stock trades." http://www.columbiatribune.com/news/2010/jun/22/its-time-we-tax-financia...
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