Not a basketball fan at all, but I'm liking this Mark Cuban fellow.
"The only people who know what business Wall Street is in are the traders," Cuban wrote on May 9, 2010. "They know what business Wall Street is in better than everyone else. To traders, whether day traders or high frequency or somewhere in between, Wall Street has nothing to do with creating capital for businesses, its original goal. Wall Street is a platform. It's a platform to be exploited by every technological and intellectual means possible."
Cuban went on to make another point, about how entire nations are now bought and sold within seconds and even nanoseconds: "Itís hard to believe," he wrote, "but evaluating countries as an investment is now easier than evaluating companies."
Lo and behold, the current malaise on Wall Street is tied not to the earnings of public companies -- which are largely strong -- but to the debt load of national economies. But Cuban came back again to the traders, who he called "hackers" because, he said, they look for weaknesses in the system to exploit for short-term gain.
Full article, worth a look: