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Crapshoot Investing: How Tech-Savvy Traders and Clueless Regulators Turned the Stock Market into a Casino by Jim McTague

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4. Accidental Senator

The story in The New York Times caught the eye of another senator, a man who was more dogged and less of a showboat than Senator Schumer, whose efforts appeared to ebb a bit after the initial round of publicity. Ted Kaufman of Delaware was a newcomer to the Senate who appeared at first glance to be eminently worthy of obscurity. He had been appointed, not elected, to fill out the remaining 2 years of Senator Joe Biden’s term after Biden was elected vice president. Kaufman was the last man you’d ever expect to emerge as a leading investor champion. But he did because of fortitude, emotional fire, and an uncommon knowledge of the Senate. His is truly a most remarkable political tale.

The septuagenarian Kaufman was clearly ...

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