What MERS Did To Real Estate . . . Wall $treet SPEED TRADERS Will Do to The $tock Market

Industry Observer with RETIRED / State License is Inactive Inactive License Oregon


On 10.10.10 I watched a 60Minutes segment about the SPEED TRADERS on Wall $treet.  The only thing is, these SPEED TRADERS aren't even on Wall $treet.  And, they aren't even flesh and blood stock traders.  They are . . . computers.

For those of you who can wrap your heads around what MERS, ET AL did to the real estate market by "securitizing," then selling MBS -- then you'll be the same folks that might get a real kick out of SPEED TRADERS.

But first, I want you to watch this blast from the past.  Aired 10.8.08. 




At MINUTE MARKER 2:30 we hear Steve Kroft's voice:  "These complex financial instruments were actually designed by mathematicians and physicists who used algorithms and computer models to reconstitute the unreliable loans in ways that were supposed to eliminate most of the risk"

To put the above sentence into laymens' terms:  GEEKS were "programming" the housing market!!

OH GEEZ . . .

Two years later, 60Minutes aired this 10.10.10:




Steve Kroft says: "These supercomputers, which actually decide which stocks to buy and sell, are operating on highly secretive instructions programmed into them by math wizards . . . "

HA HA HA  Math WIZARDS.  The Almighty WIZARDS OF . . . OZ?!? 

What Steve really means is:  GEEKS are now "programming" the stock market!!

These WIZARDS are, apparently, manipulating in "REALMS" they ought not be.  The Stock Market . . .

With the market soaring -- SOARING -- close to 12,000 . . . it's all smoke and mirrors folks.  The PUMP and DUMP of the $tock Market.  READ THE LINK! 

And I'd like to take this moment to offer my sincerest thanks (in advance) to the folks that brought us:  The Market Crash of 2001 2010.   Thank you . . . thank you SO MUCH YOU MATH WIZARDS, YOU!

[Regarding the supposed failure of the parabolic antenna on the ship, which HAL himself falsified]
HAL: It can only be attributable to human error [2001: A Space Odyssey]


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Carla Muss-Jacobs has RETIRED effective May 1, 2018

Representing Buyers in the Portland Metro Real Estate Market | Clackamas Multnomah and Washington Counties | Since 1999

Carla Muss-Jacobs, REALTOR®, ABR, CEBA, ePro
Principal Broker/Owner ~~ INACTIVE

Carla Muss-Jacobs' retirement became effective May 1, 2018

Direct: 503-810-7192 


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Re-Blogged 3 times:

Re-Blogged By Re-Blogged At
  1. Kate Bourland 10/22/2010 07:50 PM
  2. Pamela Seley 10/22/2010 08:51 PM
  3. Dave Gubler 10/23/2010 06:48 AM
ActiveRain Community
The Lounge at Active Rain
Psych Ward
Diary of a Realtor
when wizards attack

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Fernando Herboso - Broker for Maxus Realty Group
Maxus Realty Group - Broker 301-246-0001 - Gaithersburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

What MERS is . . just an entity created by the brokers and originators of predatory and exotic loans from all accountability and liability

These exotic loans that were shoved in front of the economically challenged faces were certain to fail from the very beginning. .

"Don't worry, you can always refinance later. . ."

That was the script that took billions and billions of dollars from every single homeowner in America.

Now homeowners are left footing the bill. . while these banksters (so you call them) go home to enjoy the fruit of their bailouts 



Oct 21, 2010 08:34 AM #1
Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

Hi Fernando . . . watch the videos. 

Oct 21, 2010 08:41 AM #2
Dawn A Fabiszak
Private Label Realty ( Denver metro area, Colorado - Aurora, CO
The Dawn of a New Real Estate Experience!

Carla ~ my stomach is churning.  Our economy is just sickening.  You really have the pulse of all this, it seems.

Oct 21, 2010 10:25 AM #3
Deborah "Dee Dee" Garvin
C2 Financial - San Diego, CA
C2 Financial

Carla,  Thanks for posting this video....as you mentioned when we talked this whole mess to just too darn scary.  And, it seems that it is going to continue for some time.  Perhaps our Lending Halloween is going to take over the entire holiday season!

Oct 22, 2010 09:00 AM #4
Scott Hayes
(512) 786-8300 - Austin, TX
Realty Austin, Broker Associate



I'm a big free market guy, but these guys are engaging in something altogether different. What did I hear it described as-  socialized risk, with privatized profits.

Oct 22, 2010 09:13 AM #5
Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

Hi Deborah. . . SPEED TRADERS have created a very false sense of security for Wall $treet.  Live by the ticker tape, die by the ticker tape.  I hope my "artistic license" in posting about what "Wizards" (socerer's apprecentices) can do when they're giving too much power and not enough REAL LIFE experience isn't overlooked.  HA HA HA.  The SPEED TRADERS are the little "wizards" . . . It's a FREIGHT!  But, forewarned is forearmed. 

Hi Scott -- I, too, believe in free market.  I'm more of a Social Capitalist . . . something I thought about when I was in my early 20's.  "Social" not be to confused with socialist or socialism.  But, there is a need to provide for society.  And capitalism and free market should never be confused for a "Free For All" market.  This SPEED TRADING puts us at risk, IMHO.

Oct 22, 2010 09:14 AM #6
Pamela Seley
West Coast Realty Division - Murrieta, CA
Residential Real Estate Agent serving SW RivCo CA

Carla, the most disturbing and shocking about this is success was based on the mortgages failing!!

Oct 22, 2010 04:06 PM #7
Kate Bourland
Marketing with Kate - Redding, CA
Onlilne Marketing Mobile Marketing

I have wanted to write a blog post about how computers caused this mess for quite a while now.  You did a much better job that I could....

Oct 22, 2010 07:39 PM #8
Patty Luther
Rock-n-Roll Realty - Lewiston, ID
Lewiston ID Real Estate, Idaho-Washington

~very interesting, thanks for the info... what a mess... wow

Oct 22, 2010 08:02 PM #9
Randy Ostrander
Lake and Lodge Realty LLC - Big Rapids, MI
Real Estate Broker, Serving Big Rapids and West Central MI

Scary but true. Amazing these speed traders are still operating. Almost needs a disclaimer that after reading you will look at things differently.

Oct 22, 2010 09:56 PM #10
Jack Mossman - The Nines Team at Keller Williams in Lodi
The Nines Team at Keller Williams in Lodi - Lodi, CA
The Nines Team in Lodi

Carla - another sleepless night - gee thanks!  The apprentice piece is so appropriate to the current environment ... the major difference ... the banksters are real!

Oct 23, 2010 01:26 AM #11
Valerie Duncan Stewart
(Metro First Realty) - Oklahoma City, OK
Real Estate Agent-Broker, OKC, OK


I believe the former derivatives broker and corporate securtities attorney in Steve Kroft's interview said it clearly, "...you can't model human behavior with math."

Too bad they thought they could.

Oct 23, 2010 01:48 AM #12
Dave Gubler
Mission Viejo, Foothill Ranch, Lake Forest, Ladera Ranch - Lake Forest, CA
Realtor | Orange County

Good stuff Valerie.  Puts the mess in terms we can all relate to.  The real farce though, is that "they" really just want us all to believe their intentions were good but that their logic just failed.  The truth is (and I am not generally a conspiracy theorist) that many participants in the process that precipitated the mortgage/ real estate market crash knew that they were building a house of cards and kept the illusion going as long as they could in order to extract as much personal gain as possible.

Oct 23, 2010 06:39 AM #13
Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

Hi Pamela -- many companies (hedge funds) were set up to catch the fall-out, you're right!

Hey Kate . . . write your post.  There's always a different voice that can be heard!!

Hi Randy -- SPEED TRADERS are operating because they can.  As the interview said, it's all about making money.

Hey Jack . . . I always like knowledge, and as the old saying goes, "Knowledge is power," or conversely, "Ignorance is bliss."

Hi Valerie -- Yes, the human element is taken out of the "equation" isn't it?!?

Hey Dave . . . thanks for the re-blog.  I agree.  They kept the illusion going.  Fool me once, shame on you . . . fool me twice.  Which is why I like to learn about this stuff.  Only 30% of trading is done on the floor of Wall $treet, the rest is done by computers, and their programmers. 


Oct 23, 2010 09:22 AM #14
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Carla, this is such a bittersweet compilation.  You'll have to thank Kate Bourland for the reblog that got me here.  Fabulous post!

Oct 24, 2010 04:09 AM #15
Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

Hi Kevin . . . yes, I will thank Kate!  Very eye-opening, to say the least.

Oct 24, 2010 07:21 AM #16
Jon Quist
Tucson's BUYERS ONLY Realtor since 1996

The free market allowed greedy and amoral thieves to run amok in the marketplace. We now know you can't do that.

It basically is all about how much you can make TODAY!

Oct 27, 2010 07:39 PM #17
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