Dylan Ratigan talks in this clip about the cause of Wall Street’s 1,000 point crash on Thursday, which was caused by a bizarre technical mishap. But was the sudden and enormous move really a technical error, or something more worrying? According to the former Fast Money lead man, if we had a market that was actually based on real value, real accounting standards, and real capital, no matter who’s ‘fat finger’ it was ; we would have never seen the Dow suddenly bleed 1,000 points, constituting its worst intraday fall since 1987.
Ratigan is of the opinion that “there is very little capital in our capitalism.”
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