Former FDIC chair Sheila Bair takes on Payment for Order Flow
CNBC's "Fast Money"
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Is There a Conflict of Interest?
The current situation hurts the equalitydand the depth of the markets. If market makers had to compete on price, you would see more liquid markets and narrower spreads. There is a larger public policy issue in terms of the impact on market structure. But also, i just an apparent conflict of interest.
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