DOJ Probing Whether Citadel Is Frontrunning Its Clients

DOJ Probing Whether Citadel Is Frontrunning Its Clients

Over two years ago, and just days after Michael Lewis released Flash Boys focusing attention on the ongoing criminal practice of orderflow frontrunning by such Fed intermediaries as Citadel (and many other now entrenched and recently IPOing names), none other than Citadel's head of "Execution Services" which we supposed is the internal name of the firm's client-facing HFT group, Jamil Nazarali, proclaimed that small investors have never been so fortunate and said, with regard to Michael Lewis' now infamous book Flash Boys, "The most important thing that the market c

Pat Buchanan advises Trump Not To Give Away His Victory In A Compromise

Pat Buchanan advises Trump Not To Give Away His Victory In A Compromise With the Defeated And Corrupt Republican Establishment

In my opinion, Trump should keep it that a vote for Trump is a vote for America, not for
a Republican or a Democrat.

https://www.lewrockwell.com/2016/05/patrick-j-buchanan/paul-ryan-arrogant-loser/

The post Pat Buchanan advises Trump Not To Give Away His Victory In A Compromise appeared first on PaulCraigRoberts.org.

Iran To Sue U.S. Over $2 Billion Supreme Court Ruling

Iran says it is planning to sue the United States at the International Court of Justice at The Hague to prevent the distribution of nearly $2 billion in frozen assets from Iran’s central bank to compensate American victims of terror. In April the supreme Court ruled that Iran must pay the sum to survivors and relatives of those killed in attacks that they blamed on the Islamic republic. Iranian President Hassan Rouhani said preparations are underway to file a lawsuit against the US administration for its decision to confiscate Tehran’s assets.

Frontrunning: May 10

  • World stock markets rise while yen falls back (Reuters)
  • Yen Falls a Second Day as Japan Reiterates Ability to Intervene (BBG)
  • Say goodbye to OPEC, Russia’s Sechin says (Reuters)
  • European Stocks Buoyed by Banks (WSJ)
  • Fed's Dudley: More Reserve Currencies Would Make for Stronger Financial System (WSJ)
  • Dead-of-Night Reversal Puts Brazil Impeachment Back on Track (BBG)
  • The Recession’s Economic Trauma Has Left Enduring Scars (WSJ)
  • China angered by U.S. navy patrol in South China Sea (Reuters)

Canada Rejects International Assistance To Help Put Out Wildfire

Several countries have offered to help Canada deal with the devastating wildfire that is raging through Alberta and forcing tens of thousands to flee their homes. The Canadian Prime Minister has rejected foreign assistance to help extinguish the flames, saying help from other countries was not necessary at this time. On Thursday last week, Russia offered to provide heavy water bombers and specialized crews to help stop the uncontrollable inferno sweeping through Fort McMurray. RT reports: Other offers came from the US, Mexico, Australia, Taiwan, and Israel as well as from Palestinians.

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