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SEC chair tells House panel: ‘The markets are not rigged’

By Sarah N. Lynch WASHINGTON (Reuters) – U.S. Securities and Exchange Commission Chair Mary Jo White flatly rejected claims that retail investors are being fleeced by high-frequency traders who can use their speed to jump ahead with buy and sell orders that fetch better prices. “The markets are not rigged,”…

Michael Lewis on Greek default: It would be ugly for awhile

Financial journalist Michael Lewis appeared Monday on MSNBC’s The Rachel Maddow Show to explain Europe’s financial crisis and how it could effect the United States. He said that if Greece defaults on its debt and abandons the euro, countries across Europe may be forced to bail out their own banks…