Let me introduce you to some of the better -known victims of affluenza.I want to take you back to the year 1923 ,as a group of the world’s most suscessful businessmen met at the Edgewater Beach Hotel in Chicago for financial planning session.Present were :
The president of the largest independent steel company.
The greatest wheat speculator
The president of the New york Stock Exchange
A member of the President’s cabinet
The greatest bear on Wall Street
The president of the Bank of International Settlements
The head of the world’s greatest monopoly
Individually ,these men symbolized what the world so frequently terms “success “.Collectively ,these men controlled more wealth then there was in the U.S.Treasury.Twenty-five years later ,however their lives told a different story. (more…)
Archives of “arthur cutten” tag
rssMarket Manipulation
Jesse Livermore learned the art of stock market manipulation, manipulating the prices of thinly traded stocks, in bucket shops.
On March 13, 1925, Arthur Cutten – one of his biggest rivals – accused Livermore of continuing his shady dealings – not in bucket shops – but, very seriously, on the Chicago Futures Exchange.
At the beginning of his career, Jesse Livermore had traded exclusively in bucket shops. He had prospered and built up his funds. Bucket shops weren’t set up to lose money, however, and soon they were refusing to deal with Livermore or worse, were cheating him. (more…)