Financial Engineering We have seen the Big Banks and other Hedge Funds manipulating
the markets with their high frequency trading.
Is this going to steer us into another financial crisis like 2008? ... strong possibility
“We may be on the verge of a new kind of banking crisis, and that’s a banking crisis where no one wants to own any banks as an investor,” said John Garvey, head of the financial- advisory practice at PricewaterhouseCoopers LLP in New York. “The future looks very dim.”
https://business.financialpost.com/2012/10/03/big-u-s-banks-rake-in-us63-billion-in-profits-but-wall-street-still-isnt-happy/