Somebody Stole 7 Milliseconds From the Federal Reserve
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Missing Money
Articles and video discussions of the $21 Trillion dollars missing from the U.S. government
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Somebody Stole 7 Milliseconds From the Federal Reserve
By Kevin Drum
Last Wednesday, the Fed announced that it would not be tapering its bond buying program. This news was released at precisely 2 p.m. in Washington “as measured by the national atomic clock.” It takes seven milliseconds for this information to get to Chicago. However, several huge orders that were based on the Fed’s decision were placed on Chicago exchanges two to three milliseconds after 2 p.m. How did this happen?
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